Bitcoin Analyst Sees Final Push to $67,000 Before “Strong” Bearish Breakdown

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....

Bitcoin is laggingly tailing the gold chart trends, and it may face trouble for its delayed correlation. That is due to the precious metal’s latest breakdown move, wherein the price broke out of a Symmetrical Triangle pattern to the downside. Incidentally, Bitcoin is now consolidating inside a similar technical structure, and one analyst predicts it would break bearish just like gold. “Since the COVID Crash of March 2020, it is apparent that gold has been […]

Crypto analyst Doctor Profit has revealed the next Bitcoin price level he is looking to accumulate at in anticipation of a relief rally. Despite plans to buy BTC, the analyst indicated that he is still bearish on the flagship crypto in the long term, with a larger decline expected to unfold.  Analyst Reveals The Next Buy Level As Bitcoin Price Eyes Bounce In an X post, Doctor Profit stated that he is buying BTC around $86,000 as he looks to trade a short-term relief bounce. He reiterated that he sees the probability of the Bitcoin price revisiting the $97,000 to $107,000 region before the....

Dogecoin has suffered some of the worst of the crypto bear market after taking a severe hit to its price. In response, DOGE transactions had plunged rapidly, which suggests that the digital asset is falling out of favor with investors. However, despite these bearish trends, one crypto analyst still sees a surge in the future […]

XRP’s price action in November has dragged it below $2, but technical analysis suggests that the breakdown might not be over.  A new technical outlook from crypto analyst CasiTrades suggests that the XRP price is entering the final stages of its corrective structure. The analyst believes the current movements are part of a clean Elliott Wave formation that is approaching its final wave to as low as $2.65 before a major bullish reversal takes place. Related Reading: Dogecoin Goes Wall Street: Grayscale Confirms Nov. 24 ETF Launch XRP Breaks Below Fibonacci Levels As Wave Structure....