Trader who called 2017 Bitcoin price crash raises concerns over 'double top'
The bearish setup sees Bitcoin price crashing to as low as $25,000. Bitcoin (BTC) could be forming a so-called "double top" pattern after falling by over 30% from its record high of $69,000, suggests Peter Brandt, a veteran trader known for correctly calling the crypto market top in December 2017. The bubble has been popped. Bull market in $BTC over for some time. For analog look at Gold chart from 2011 on wards pic.twitter.com/AUSiGH0eCg— Peter Brandt (@PeterLBrandt) December 22, 2017 The Factor LLC CEO recalled Bitcoin's inability to extend its price rally above its previous all-time....
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Veteran trader Peter Brandt has raised the possibility of Bitcoin dropping to as low as $44,000. He predicted this could happen based on a technical indicator that paints a bearish outlook for the flagship crypto. Why Bitcoin Could Drop To $44,000 Brandt predicted in an X (formerly Twitter) post that Bitcoin could drop to as low as $44,000 if the flagship crypto has completed a double top. A double top is a bearish pattern that indicates that BTC could witness a severe reversal to the downside, having hit two consecutive peaks and a moderate decline between them. Related Reading: Dogecoin....
Peter Brandt is an iconic trader who in the past called the dramatic fall to the Bitcoin bear market bottom, nearly a year ahead of time. Could the commodities trader with decades of experience in all things markets – who has for sure seen a thing or two in his career – now be forewarning […]
Bitcoin price is always a hot topic, and for good reason. The recent roller-coaster ride has been exciting, and Bitcoin investors have enjoyed good times, recently. Now, an investment analyst at Lombardi Letter says the good times will roll throughout 2017. Analyst: Bitcoin to Double in Value, Again. Benjamin Smith is and editor at Lombardi Letter, a newsletter for investors with a subscriber network of over 400,000, and he sees plenty of reasons for Bitcoin to soar again in 2017. In fact, he believes Bitcoin will double in value again, after doing the same last year. “I expect that....
Even opportunities to “buy the dip” match up — almost to the day — with Q4 2017. Bitcoin (BTC) has dipped below $60,000 — but BTC price action is still mimicking the eye-popping 2017 bull run.The latest data covering Bitcoin’s current halving cycle versus its previous one shows just how similar 2017 and 2021 really are.Bitcoin prints more eerie 2017similaritiesBitcoin has had its ups and downs this year, but as Cointelegraph reported, BTC/USD has all but copy-pasted its 2017 fractal all along.Fresh analysis delivers the same conclusion — and for those concerned about Oct. 27’s drop to....
Bitcoinist asked digital currency experts Kim Dotcom, Reggie Middleton and Tone Vays to give us their thoughts on what we should expect from Bitcoin this year. 3 Prominent Experts Share Their Predictions. It would hard to find anyone who predicted Bitcoin could more than double in value in 2016. Even the most ardent proponents can only be so optimistic. My view of its price by year’s end went as high as $800 by year’s end, but I certainly didn’t see the afterburners coming in a December Bitcoin buying spree. Where do we go from here? Is there something that can affect the Bitcoin price in....