Peter Brandt: Bitcoin bear market channel has formed; price needs to recover to $93,000 to turn bullish again
ChainCatcher reported that Peter Brandt, the renowned trader and chart analyst who successfully predicted the 2018 bitcoin crash, stated that the bitcoin bear market channel has been completed and has once again issued a sell signal.
Peter Brandt also pointed out that the chart could change at any time. The price needs to rebound to $93,000 to offset the sell signal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Chip Expansion Continues, Applied Materials (AMAT.US) Q1 Revenue Guidance Exceeds Expectations
Applied Materials reported Q4 revenue of $10.41 billion, surpassing expectations and setting a record for the full year. Its Q1 guidance also exceeded forecasts, driven by strong demand for AI chips, and the stock rose about 3% after hours.
Saba Capital Management reports acquisition of $755,308.44 in Mexico Fund common shares
Juniper Investment Reports Acquisition of $5.11 Million in Orthofix Medical Common Shares
The U.S. fiscal deficit in October expanded by 42% year-on-year to $404 billion, with the current fiscal year gap expected to reach $2.2 trillion.
Data released by the U.S. Treasury Department on Thursday showed that, due to increased government spending and decreased tax revenue, the U.S. fiscal deficit reached $404 billions in October, expanding by 42% compared to the same period last year.
Crypto prices
More
