Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91...
The Bitcoin price crash to $91,000 was unexpected, driven by diminishing market dominance and rising volatility. Despite this setback, an analyst predicts an even bleaker outlook for the leading cryptocurrency. The formation of a bearish flag pattern suggests further price declines could be on the horizon, with the analyst projecting a steeper price plunge towards $90,000. Bearish Flag Pattern Signal Bitcoin Price Crash Pejman Zwin, a TradingView crypto analyst, released a chart analysis predicting a significantly bearish outlook for the Bitcoin price. The analyst based this gloomy....
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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....
A bull flag pattern resembles a flag on a pole and appears when a cryptocurrency is experiencing a significant price rise. Many security price forecasters use technical analysis, sometimes referred to as charting. However, they opt to reject the efficient markets hypothesis (EMH) altogether. The efficient markets hypothesis (EMH), also called the Random Walk Theory, is the idea that current securities prices accurately reflect the information about the firm’s value. Therefore, it is impossible to make excess profits using this information, or gains that are greater than the overall market.....
A new XRP price forecast has emerged, offering insights into the cryptocurrency’s next bearish move. A crypto analyst who previously predicted XRP‘s crash below $2 has provided a more comprehensive outlook, outlining key support and resistance areas that will determine XRP’s next target. According to TradingView crypto analyst, ‘MMBTrader,’ the XRP price is set to dump below the $2 threshold. As of writing, CoinMarketCap reports that XRP is trading at $2.2, reflecting a modest 3% increase in value in the last 24 hours. XRP Price Projected To Crash To $1.5 Notably, the cryptocurrency is....
The Dogecoin price, which has been on a consolidation trend since November 12, has given rise to a rare and bullish chart pattern known as the high tight flag. This pattern, which is like the bull flag, is setting up the Dogecoin price for a significant upward movement. Analyst Highlights Bullish High Tight Flag Pattern […]
Potcoin Price Key Highlights. Potcoin price is still consolidating on the short-term time frames and zooming out to the daily chart shows that a bearish flag formation has formed. Sellers are hesitating to push price below the current support levels, as this lines up with the bottom of a longer-term triangle formation visible on the daily time frame. Potcoin price could make a move towards the actual triangle support on a break below the current bearish flag pattern. Bounce still possible? A break above the bearish flag pattern is still possible, though, potentially spurring a large....