Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000
Brewing tensions between Israel and Iran have triggered global de-risking across risk-on assets, including Bitcoin (BTC). The top cryptocurrency by market cap is down 1.7% over the past 24 hours. That said, technical indicators still point toward a potential new all-time high (ATH) for BTC in the coming months. Bitcoin Tracing The ABCD Pattern According to a recent post on X by crypto analyst Titan of Crypto, BTC appears to be following the ABCD pattern. The analyst noted that Bitcoin is currently trading within a wedge formation and could target as high as $137,000 if it breaks out. For....
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Legendary analyst Peter Brandt has provided a bearish outlook for the Bitcoin price. He predicted it could crash to as low as $78,000 and explained why he holds such a bearish sentiment. Peter Brandt Predicts Bitcoin Price Crash To $78,000 In an X post, Peter Brandt predicted that the Bitcoin price could crash to $78,000. This prediction came as he revealed a head and shoulders top pattern. The legendary analyst remarked that a complete formation of this pattern could cause a price breakdown to this target. Brandt added that this pattern might fail with a “thrust hire,” or it might morph....
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Trade continued sideways today with the market looking undecided about direction. The Bitcoin price is $180 away from a clean decline bottom at the $200 price level. Sellers are all sold out, and buyers are apparently waiting for a sign from heaven. Update. This Update: October 2, 2014 at 4:40 pm UTC. The Bitstamp chart in the section Bitcoin Price Projections (below), features a red path and a blue path of price action. Positioning in the exchange orderbooks will make the blue path near impossible, with the price area between $330 and $360 containing over 10,000 BTC buy orders. If the....
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