A legendary professional trader who famously called Bitcoin’s drawdown from $20,000 to $3,000 with chilling accuracy is claiming that while things are looking bullish for the first-ever crypto asset, if any of the bullish factors he’s watching changes, it could result in a much more “serious correction.”Peter Brandt Highlights Bullish Bitcoin Factors But Warns of…
A new technical analysis indicator has been launched that is named after an iconic trader who accurately predicted Bitcoin’s bottom over a year before it happened, due to his familiarity with parabolic assets retracing after an overly powerful rally. The indicator in question gave a sell signal just before last week’s massive Bitcoin price crash,…
The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices. However, career trader Peter Brandt says that the fate of…
At least for the time being, Bitcoin (BTC) has lost steam. Since peaking at just shy of $14,000 in late-June, the cryptocurrency has seen a 35% retracement, falling to as low as $9,100 earlier this week. Related Reading: Bitcoin Volatility Surges Since February of 2019; Is Another Big Move Imminent? With this strong correction, which…
Bitcoin (BTC) has undoubtedly been trading in a parabolic pattern since bottoming in December at $3,150. The past few months have seen the cryptocurrency market absolutely explode, posting new highs every other week. Until now anyway. Related Reading: Keiser: $100,000 BTC as Trump’s Anti-Bitcoin Tweet to Drive US-Skeptic Nations to Crypto As of the time…
In the early hours of the morning, Bitcoin exploded upward to $8,000 from a double-bottom local low set over the weekend around $7,500. The rally upset overly bearish crypto investors and traders who had been expecting further downside in the price of the first ever cryptocurrency. The brief, yet powerful green candle may have shocked…
With Bitcoin back into the public eye and mainstream media spotlight, and its price back into the green, speculation that a bull market is starting has begun to spread across the crypto market. The bullish sentiment has also spilled into Bitcoin’s crypto brethren – such as Ethereum, Ripple, Litecoin, and more – and a full-blown…
Bitcoin price (BTC) has fallen over 80% from its all-time high of $20,000 over the past 14 months, and has struggled to regain any bullish momentum it once had. While many expected Bitcoin to bottom at the seemingly unbreakable support at $6,000, the leading cryptocurrency by market cap fell through to find its local bottom…
A veteran commodities trader who was responsible for one of the most accurate price calls in cryptocurrency history has spoken about where he believes the price is now heading. Peter Brandt correctly predicted that the speculative mania surrounding the Bitcoin price was over back in January and that the asset would lose 80% or more…