Analyst eyes Ether major push to $3.5K amid traders betting on upswing

A crypto analyst says Ether could make a major push to $3,500 if it holds a $2,800 weekly close, and futures traders are betting on an upward move.

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Peter Brandt Warns of Potential 40% Drop in Ethereum Prices

The cryptocurrency market has come under pressure due to the recent release of the U.S. CPI data. During…

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Peter Brandt Spots Potential Bitcoin Setup Amid Expanding Triangle

Peter Brandt, who has been in the business for quite a long time, has come up with a…

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Veteran Trader Brandt Sees Bitcoin Claiming $92,579 Amid Recent Bear Trap

Renowned veteran Trader Peter Brandt sets a $92,579 price target for Bitcoin (BTC) amid the ongoing recovery push, calling attention…

The post Veteran Trader Brandt Sees Bitcoin Claiming $92,579 Amid Recent Bear Trap first appeared on The Crypto Basic.

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Bitcoin transaction value hits yearly high with $25B moved

Bitcoin holders moved over 367,000 BTC on May 18, worth over $25 billion, recording a yearly high in the value of Bitcoin transactions.

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Peter Brandt Identifies Ethereum Head and Shoulders Top, Prices at Risk of Further Dips

Market Veteran Peter Brandt calls attention to a head and shoulders pattern on the Ethereum chart, indicating higher chances of…

The post Peter Brandt Identifies Ethereum Head and Shoulders Top, Prices at Risk of Further Dips first appeared on The Crypto Basic.

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Top Analyst Predicts Bitcoin To Reach $150,000 In 2025 Heres Why

In the last week, Bitcoin has shown much resilience bouncing back above the $60,000 zone after a significant decline to below the $57,000 price zone. As Bitcoin bulls gather momentum to possibly initiate the crypto bull run, top analyst and market expert Peter Brandt has backed BTC to attain a particular six-figure digit value by [...]

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Top Analyst Predicts Bitcoin To Reach $125,000 In 2025 Heres Why

In the last week, Bitcoin has shown much resilience bouncing back above the $60,000 zone after a significant decline to below the $57,000 price zone. As Bitcoin bulls gather momentum to possibly initiate the crypto bull run, top analyst and market expert Peter Brandt has backed BTC to attain a particular six-figure digit value by 2025. Related Reading: Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here No Other Market Like Bitcoin, Brandt Says In a blog post on May 3, Peter Brandt shared some insights on Bitcoin in celebration of his 50th anniversary in future markets trading. The veteran analyst described his experience with the maiden cryptocurrency as a once-in-a-lifetime trade, never to be equaled. Bitcoin — the trade of a lifetime There has never been and never again will be another asset like Bitcoin $BTC Here is the perspective from my 50-year career as a professional traderhttps://t.co/fyHrGRRHLo pic.twitter.com/dwrBwtknqP Peter Brandt (@PeterLBrandt) May 3, 2024 Brandt states that Bitcoin is a unique asset in comparison to commodities such as gold, cattle, iron ore, copper,  and even other cryptocurrencies such as altcoins and meme coins. He claims that BTC owes this uniqueness to its operational nature as well as its price behavior. Analyzing BTC price history, Brandt notes that the coin has repeatedly produced exponential gains in the past not seen with any other trading asset. And while these gains are followed by significant corrections, the overall price performance sets BTC apart from other assets.  Another aspect of Bitcoins uniqueness as highlighted by Brandt is that the assets volatility is also evident in its downturns resulting in a decline of more than 50% and even 75%. Therefore, Bitcoin exerts a special ability to generate substantial profits while also causing significant losses. Now, following BTCs parabolic price nature, Brandt predicts the asset is on course to reach $125,000 by 2025. Interestingly, if the bulls maintain market control, the analyst believes Bitcoin could rise as high as $300,000 beyond 2026. Source: Peter Brandt on X Related Reading: Analyst Says Bitcoin Price Is Headed To $90,000, Heres Why BTC Price Overview At the time of writing, Bitcoin trades at $63,303 having encountered serious resistance in the $64,000 price zone. The maiden cryptocurrency currently looks to be in consolidation and could be preparing for another possible breakout.  If Bitcoin embarks on a bull run, investors would be hoping for a return to its all-time high value of $73,750. However, in the advent of more selling pressure in the future, BTC could drop below $60,000 again. Nevertheless, Bitcoin remains the diamond of the crypto bull season with several analysts hyping the digital asset to trade above $100,000 within the next 12 to 15 months.  BTC trading at $63,405 on the daily chart | Source: BTCUSDT chart on Tradingview.com Featured image from iStockphotos, chart from Tradingview

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Legendary Trader Peter Brandt Predicts 230% Bitcoin Price Increase

Legendary trader Peter Brandt predicts the bitcoin-to-gold ratio could triple to 100 oz, implying a 230% bitcoin price increase to over $234,000.

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Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens

The Bitcoin price is flying high at the moment, having rallied to a new all-time high (ATH) of $111,800 on May 22. Now, crypto analyst Tony Severino has predicted that this rally is likely to sustain, with BTC reaching $120,000 at some point.  Bitcoin Price To Reach $120,000 Following This Range Breakout In an X post, Tony Severino predicted that the Bitcoin price could reach between $116,000 and $120,000 following the breakout from the $106,000 range. This prediction came just before BTC surged past its previous ATH of $109,100 on May 21. The analyst asserted that the flagship crypto could witness a long, white candlestick leading to the rally to this range.   Related Reading: Bitcoin At $118,000 Before June? Trader Reveals When As Weekly MACD Turns Bullish He had also warned that failure to break above the $106,000 range could lead to a retracement as lower timeframe momentum begins to wane. In another post, Severino explained why the range breakout was significant, noting that these breakouts in the Bitcoin price tend to offer a sustainable short-term trend to ride higher. He added that a valid range breakout should be supported by the RSI above 70 on the 3-day timeframe.  The Bitcoin price currently boasts an ultra-bullish outlook, having rallied above the $110,000 mark and reached a new ATH of $111,800. Commenting on the surge to a new ATH, Severino admitted he was wrong about the bear thesis, stating that the macro fundamentals led over the technicals on this rally.  The crypto analyst is confident that the Bitcoin price can go way higher. In his latest analysis, he revealed that BTCs quarterly just triggered a perfected TD9 Sell Setup. He added that the only other time this happened was in Q4 2017, which was the most bullish quarter in crypto history. Bitcoin eventually rose by over 350% above the candlestick open. If history were to repeat itself, Severino predicts that the move will be fast, violent, and over sooner than anyone can imagine. He noted that up appears to be the chosen direction, which is a positive for the Bitcoin price.  A Golden Cross Is Incoming For BTC In an X post, crypto analyst Titan of Crypto stated that a golden cross is incoming for the Bitcoin price. He remarked that BTC is repeating the same pattern, with a Death Cross happening before the Golden Cross. The analyst added that the last time this happened, it triggered a major rally.  Related Reading: Bitcoin Macro Trend Oscillator Shows When To Expect The Price Top In another post, Titan of Crypto predicted that the Bitcoin price could rally to as high as $135,000. He affirmed that the target is still play, with BTC likely to reach this price level this year. Meanwhile, veteran analyst Peter Brandt suggested that Bitcoin could rally to between $125,000 and $150,000 by August.  At the time of writing, the Bitcoin price is trading at around $111,300, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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Veteran Analyst Predicts Bitcoin Surge To $150K Heres The Timeline

Prices for bitcoin skyrocketed to the $97,000 level today, increasing more than 2% and closing in on the symbolic $100,000 level. The cryptocurrency is in its continuing surge that has gotten investors enthusiastic so far in 2025. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Market Old Timer Forecasts Significant Price Target According to trading analyst Peter Brandt, Bitcoin may rise to $125,000 to $150,000 come late summer or early autumn. His forecast, made in social media posts a few hours prior to this report, is that the increase may occur in August or September 2025. This is based on Bitcoin successfully re-taking what Brandt refers to as its “parabolic trendline” a technical chart pattern which demarcated earlier price cycles. The prospective move from the present levels near $96,000 to Brandt’s higher target of $150,000 would amount to a 56% return for buyers at today’s prices. Hey @scottmelker If Bitcoin can regain the broken parabolic slope then $BTC is on target to reach the bull market cycle top in the $125k to $150K level by Aug/Sep 2025, then a 50%+ correction pic.twitter.com/WUUzxl0ckn Peter Brandt (@PeterLBrandt) May 1, 2025 Technical Analysis Indicates Multiple Patterns According to Brandt’s weekly chart analysis, Bitcoin is presently rising within what he sees as a bullish wedge formation. The cryptocurrency is also still within a long-term rising channel that has been holding price in check over the past few years. His chart also shows certain technical patterns that preceded Bitcoin price movements in history such as Head and Shoulders, Channels, and Expanding Triangles-all basic trends among technical traders. Timing In Accordance With Historical Halving Cycles The predicted high peak for Bitcoin in 2025 from August to September is in accordance with what has taken place after these past halving events. Those halvings reducing the rate of new Bitcoins created were always followed by price highs 12-18 months later. With the last halving occurring in April 2024, Brandt’s prediction is well within this likely timeframe. This association with Bitcoin’s supply dynamics makes some traders believe the forecast. Related Reading: Double Trouble Or Double Gains? Shiba Inu Shows Signs Of Reversal Amid Massive Burn Warning Of Severe Correction Following Peak Interestingly, the market expert has not merely predicted a high. Brandt believes Bitcoin could plunge dramatically, by more than 50%, after the top of its cycle, possibly taking prices all the way back down to $60,000-$75,000. While Bitcoin’s current price actions show strong upward momentum, seasoned investors know the market can change direction pretty quickly; 24/7 trading and worldwide participation has sometimes contributed to speed of execution and rapid price changes that would take unprepared traders by surprise. For the moment, however, Bitcoin’s race toward $100,000 is still attracting attention from longer-term believers and first-timers alike, hoping to cash in on what could be yet another historic run in cryptocurrency markets. Featured image from Unsplash, chart from TradingView

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Market Veteran Peter Brandt Says Bitcoin Could Tap $150,000 by August If This Happens

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Bitcoin Bull Market: Pundit Reveals When To Sell Everything

The Bitcoin bull market looks to be back following BTCs surge above $100,000. With market participants again accumulating following this recent rally, crypto pundit Ardizor has revealed when to sell everything to avoid roundtripping on gains made in this bull market.  When To Sell Everything In This Bitcoin Bull Market In an X post, Ardizor stated that he will sell nearly everything in this bull market when BTCs Profitability Index rises above 300% and crypto becomes more popular on TikTok or Instagram, and when market participants think they are the smartest. He further outlined three other events that could mark the top and act as a clue to sell everything.  Related Reading: Why The US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 The first is when crypto exchange Coinbase becomes the number one on the app store for two months, and every taxi driver starts speaking crypto. The other two clues are when the BTC Coin Days Destroyed (CDD) metric rises above 300 million and when old friends are inquiring about whether they should buy crypto now.  He asserted that the Bitcoin bull market will reach its peak when these things begin to happen. Until then, Ardizor revealed that he will be accumulating more coins daily. The pundit also told crypto community members that he would announce publicly when it was time to sell everything.  In another X post, Ardizor provided insights into how investors should allocate their capital in this Bitcoin bull market. He stated that 40% should be invested in BTC, 20% in ETH, 10% in quality alts, 5% in high-potential meme coins, 15% working capital, and 20% in USDT to buy dips.   Market participants are actively accumulating more coins with the Bitcoin bull market in play following BTCs rally above $100,000. Crypto analyst Ali Martinez cited Glassnodes data while revealing that $35 billion has flowed into the crypto market in the past three weeks.  A Possible Top For BTC In This Market Cycle Market experts have provided the price targets that could mark the BTC top in this Bitcoin bull market. Veteran trader Peter Brandt stated that the leading crypto is on target to reach the bull market cycle top in the $125,000 to $150,000 level by August or September this year. Once that happens, he predicts that a 50% correction will follow.  Related Reading: Analyst Predicts Bitcoin Price Surge To $120,000 And Then A 50% Crash To $60,000, Heres When Crypto analyst CrediBULL Crypto also reaffirmed that his target for this Bitcoin market cycle is $150,000. However, he also raised the possibility of BTC reaching $200,000 based on Jim Cramers statement that the leading crypto cannot achieve that target in this bull run. Standard Chartered has also predicted that $200,000 is achievable for BTC by year-end.  At the time of writing, the Bitcoin price is trading at around $103,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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Veteran Analyst Brandt Issues New Bold Prediction for When Bitcoin Will Hit $120K to $150K

Bitcoin has shown a strong start to the new month, breaking into the $96,500 level and inching closer to the long-lost $100K threshold.Amid this promising movement, renowned market veteran Peter Brandt issued a bold projection for the crypto firstborn. In a tweet just hours ago, Brandt argued that BTC could reach a cycle top between $125,000 and $150,000 by August or September 2025, essentially the third quarter of this year.Brandt believes this outlook is achievable provided Bitcoin reclaims its previously broken parabolic trendline. He shared a long-term weekly chart analysis highlighting Bitcoin's historical price patterns and technical formations. According to the chart, BTC is climbing within a bullish wedge formation and remains inside a multi-year ascending channel. If the momentum is sustained, this suggests a continuation of the uptrend.Bitcoin Target Range Hinges on Parabola ReclaimEssentially, Brandt stressed the importance of Bitcoin regaining its parabolic trajectory, an upward curve that has defined previous bull cycles. Specifically, the curve defined Bitcoin's peak in the 2021 season.A successful reclaim could propel BTC to the red zone marked on his chart, between $125K and $150K. In Brandt's view, this could be the final leg of this cycles bull run. Notably, with Bitcoin trading around $96,000, the road to $150K would represent a 56% gain from current levels.Further, the chart also identified multiple classic technical patterns such as Head & Shoulders (H&S), Channels (Chnl), and Expanding Triangles (Exp). All of these formations historically preceded major price movements for Bitcoin, both bearish and bullish.Peter Brandt Bitcoin ChartNotably, Brandts timing for the end of Bitcoin's bull run aligns with typical historical cycles where price peaks occur 1218 months after a halving event. With the last halving in April 2024, the AugustSeptember 2025 timeframe fits within that expected window.Essentially, Brandts price prediction model echoes previous market cycle trends, which also highlight the potential for a typical post-bull correction.A 50%+ Correction May FollowWhile the bullish scenario excites many investors, Brandt also warns of what comes after the euphoria: a sharp decline. His forecast includes an over 50% correction following the cycle peak. This could drag BTC back to the $60K$75K range, aligning with the historical retracements in past cycles.At press time, Bitcoin is trading at $96,862, up over 3% today, showing determination to reclaim higher levels.

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Is Bitcoin Headed For A Crash? Analysts Cite Possible Downtrend

Investors in the cryptocurrency space are eagerly awaiting the halving of Bitcoin in order to fuel future market growth. However, top cryptocurrency expert and trader Benjamin Cowen cautions that if the price of BTC follows a previous pattern, there may be a correction. Bitcoin Halving Could Impact Price Negatively Cowen has highlighted a trend that could potentially lead to a significant decline in the crypto asset’s price when the Bitcoin halving event commences, which suggests that BTC could be poised for a decline in the coming days. Related Reading: Bitcoin Final Dance: Analyst Eyes Final Peak Ahead Of Halving According to Cowen, should Bitcoin continue to follow the same trajectory as it entered the spot ETF during the halving, BTC may witness a trend toward the downside. The crypto expert advocates that these patterns typically do not repeat precisely. However, he believes putting the idea out there is crucial in case it happens again in a similar manner. In response, a pseudonymous user commented on Cowen’s post and reminded the expert that he forgot the arrow backup. Responding to the user, Cowen stated that he believes the outcome of the next phase will depend on whether or not ALT/BTC pairs have collapsed by then. Furthermore, he affirms there could be a move on the upside if they have not broken down. Meanwhile, in the event that they have broken down, the pattern can transit to something new. It is worth noting that the Bitcoin halving event is forecasted to take place within the next 11 days. Given Bitcoin’s halving previous significant impact on price, BTC could be positioned for a notable price surge in the coming days. However, if Cowen’s recent prediction manifests, it could paint a different picture for the crypto asset during the halving event. The expert’s prediction has sent quite a frenzy in the crypto community, with analysts like Peter Brandt supporting his insights. Peter Brandt acknowledged Cowen’s projections noting that previous Bitcoin bull markets have exhibited a similar fundamental trend. What To Expect During The Halving Event As the halving event approaches, the cryptocurrency data analytics platform Kaiko has laid out a perspective to watch out for. Kaiko’s perspective delves into the impact the halving has had on BTC’s price in the short term over the years. Related Reading: Crypto Expert Reveals What To Expect For Bitcoin, Dogecoin, And XRP In 12-16 Months According to the platform, in the past, the short-term price effect of Bitcoin halvings has been inconsistent. Nonetheless, historical data reveals that the coin tends to rise 9-12 months after halving, making it a generally bullish development. At the time of writing, Bitcoin’s price was up by 8% in the past 7 days, valued at $70,770. Its overall market cap is down by over 2%, however, while its trading volume is up by over 8% in the past day. Featured image from iStock, chart from Tradingview.com

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Legendary Analyst Peter Brandt Lists 6 Reasons Bitcoin Has Flipped Bullish

After a week of notable crashes, Bitcoin has again seen life breathed into its price trajectory and has reclaimed its mark above $90,000. The major primer for the return of bullish momentum was the announcement of a US crypto strategic reserve by President Donald Trump over the weekend, which could be the beginning of an extended rally for Bitcoin and other cryptocurrencies. With the return of bullish momentum, veteran financial analyst Peter Brandt listed six reasons Bitcoin has flipped bullish. Peter Brandt Lists Six Reasons Bitcoin Has Turned Bullish Bitcoin has seen its value rise by approximately 9% in the past 24 hours, adding about $166 billion to its market capitalization. This marks a swift change from the decline last week, which saw Bitcoin declining to fill a CME gap below $80,000. Related Reading: Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Heres The Next Target Renowned for his deep technical expertise, Peter Brandt took to social media to outline six reasons why Bitcoin has now returned to a bullish trajectory. His observations are rooted on a series of technical developments that have unfolded over the past week.  Brandts first key point is Bitcoins recent 30% correction. Notably, Bitcoin’s recent crash to a bottom at $78,900 marked a 30% correction from its January 30 all-time high of $108,786. This level of pullback is typical in strong bull markets and often precedes the next leg up. The second reason why Bitcoin has flipped bullish is its ability to find support along its parabolic advance despite the recent dip. Another factor reinforcing Bitcoins bullish outlook is the successful retest of a CME futures gap below $80,000. Interestingly, this gap had been a key concern even as Bitcoin rallied to above $100,000 in January, with technical analysis warning of a drop toward this level. Now that the CME gap has been filled, the next step is the resumption of bullish momentum. Brandt also highlighted the emergence of a “foot shot doji” candlestick pattern, which typically indicates the exhaustion of selling pressure and a potential reversal. Furthermore, he referenced the Factor three-day trailing stop rule to indicate that Bitcoin is regaining strength. Lastly, he pointed to a high-volume “puke out,” where sellers have exited Bitcoin in capitulation. Taken together, these signals suggest that Bitcoins latest rally is not just a temporary bounce but a confirmation of bullish momentum.  Whats Next For BTC As Bullish Signals Strengthen? At the time of writing, Bitcoin is trading at $92,443 and everything surrounding its fundamentals now points to a continued move upwards in the coming weeks. Interestingly, you could argue that institutional invesments through Spot Bitcoin ETFs have yet to be factored into the price of Bitcoin following Trumps announcement of a US crypto strategic reserve.  Related Reading: Bitcoin Price Risks Crash: Analyst Paints Picture Of Drop Below $30,000 The announcement came over the weekend when traditional markets were closed, meaning the bullish momentum was largely driven by retail traders. With this, Bitcoin is likely to push past the $100,000 mark again before the end of the week as institutional inflows pick up. Featured image from iStock, chart from Trsdingview.com

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Peter Brandt on Bitcoin Bull Market: My Bet Is This Is a Starting Candle

Veteran trader and renowned chartist Peter Brandt has doubled down on his bullish outlook for bitcoin. After raising his bitcoin price target for this bull market cycle to $200K, Brandt pointed to “huge monthly bars” on his bitcoin price chart, stating: “My bet is that this is a ‘starting’ candle.” Peter Brandt’s Bitcoin Bull Run [...]

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Satoshis Growing Fortune, JPMorgan Says Halving Priced in, Peter Brandt Raises BTC Price Target, and More Week in Review

Bitcoin’s valuation surged past the $1 trillion mark, significantly increasing the net worth of its elusive creator, Satoshi Nakamoto, by nearly $9 billion in two months. JPMorgan Chase analysts have identified the Bitcoin halving event and an upcoming major Ethereum network upgrade as key drivers of cryptocurrency prices. Veteran trader Peter Brandt has revised his [...]

The post Satoshis Growing Fortune, JPMorgan Says Halving Priced in, Peter Brandt Raises BTC Price Target, and More Week in Review appeared first on Crypto Breaking News.

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Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time

Crypto analyst Rekt Capital recently discussed the Bitcoin price action and provided insights into the flagship cryptos future trajectory. Specifically, he alluded to BTCs RSI, which is showing a similar pattern to last year, just before the rally to new highs.  Bitcoins RSI Targeting Daily Retest That Triggered 2024 Price Rally In an X post, Rekt Capital revealed that Bitcoins RSI is targeting a daily retest that triggered the 2024 price rally. He mentioned that last week, the daily RSI successfully performed a post-breakout retest of the RSI downtrend, which dates back to November 2024, to confirm the breakout. He added that the RSI is now going for another retest of that same downtrend.  Related Reading: Analyst Says Bitcoin RSI Dominance Needs To Crash To This Level For The Bull Run To Resume The Bitcoin price rallied to $100,000 during this November 2024 period following Donald Trumps victory in the US presidential elections. Rekt Capitals accompanying chart showed that the RSI is retesting the 40 zone, with a break below this level likely to spark another downtrend for the flagship crypto. On the other hand, holding above this RSI level could spark another uptrend for BTC, sending its price to new highs.  However, the Bitcoin price looks more likely to face another major correction at the moment, having dropped from its weekly high of around $88,500 to below $84,000 on Friday. Macro factors like Donald Trumps tariffs and the US Federal Reserves quantitative tightening policies are weakening the flagship cryptos bullish momentum.  Trading firm QCP Capital opined that any short-term upside for the Bitcoin price remains capped as markets wait for clarity from Trumps next move in the escalating trade war. The PCE inflation data, which was released on Friday, also sparked a bearish outlook for BTC as the core index rose beyond expectations.  BTC Could Form Local Bottom At Current Price Level Crypto analyst Titan of Crypto suggested that the Bitcoin price could form a local bottom at its current price level. He noted that BTC is still holding above a strong confluence of supports, including the monthly Tenkan and midline of the monthly Fair Value Gap. The analyst added that the last two times BTC has held these supports, it has marked a local bottom.  Related Reading: Popular Analyst PlanB Expects Bitcoin Price To Double In 2025 As Bear Market Is Not Here In an earlier post, Titan of Crypto had raised the possibility of the Bitcoin price rallying to $91,000 soon. He stated that a bullish pennant had formed on the 4-hour chart. According to him, if this pattern breaks to the upside, the BTC target is around $91,400. Meanwhile, legendary trader Peter Brandt looks bearish as he recently predicted that BTC could drop to as low as $65,635.  At the time of writing, the Bitcoin price is trading at around $83,900, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Popular Analyst Peter Brandt Identifies XRP Head & Shoulder Pattern, Reveals Path To Take

Popular analyst Peter Brandt has provided a bearish outlook for the XRP price, predicting that the altcoin could drop below the $2 support. As part of his analysis, he highlighted a head-and-shoulders pattern that could spark the breakdown below $2.  Peter Brandt Identifies XRP Head And Shoulders Pattern In an X post, Brandt revealed that XRP is forming a textbook head-and-shoulders pattern, which has caused the altcoin to range-bound. He added that the head-and-shoulders pattern projects a price decline to as low as $1.07. The analysts accompanying chart showed that XRP could witness a freefall to this target if it loses the $1.9 support.  Related Reading: Analyst Unveils Extended XRP Price Target To $44, Reveals When To Take Profits Crypto analyst CasiTrades had also recently raised the possibility of XRP dropping to as low as $1.54. She revealed that a break below the $2.25 support and lower support at $1.90 could lead to this breakdown to $1.54. However, the analyst suggested that the probability of this happening was really low, as the $2.25 support is holding really strongly.  Meanwhile, crypto analyst Ali Martinez also discussed the head-and-shoulders pattern that had formed for the XRP price. In an X post, he stated that if XRP can break above $3, it would invalidate the current head-and-shoulders pattern, a development that could flip the altcoins outlook to bullish. In his analysis, Brandt had also hinted that a rally above $3 could invalidate the bearish pattern.  Martinezs accompanying chart showed that XRP could drop to as low as $1.25 if this head-and-shoulders pattern plays out. In another post, he again raised the possibility of XRP suffering this price breakdown, while stating that the $2 price level remains the critical support level for the crypto.  Bullish Outlook For The Altcoin In an X post, crypto analyst Dark Defender provided a bullish outlook for the XRP price, predicting it could reach as high as $23.20. The analyst claimed that the third wave targets a rally of between $5.85 and $8.076. Meanwhile, the fifth wave is expected to finish the move between $18.22 and $23.20.  Related Reading: This Crypto Analyst Correctly Predicted XRP Price Crash Below $2, Heres The Rest Of The Forecast This prediction came as part of Dark Defenders analysis of the 3-month candle. He affirmed that XRP boasts a clear bullish momentum on this higher timeframe. He added that there are ups and downs in smaller time frames, but the higher frames supersedes the smaller ones.  In another post, the analyst assured XRPs consolidation will be over soon. He revealed that the altcoin has formed a great bullish rectangle pattern and that the next leg up will send it to new all-time highs (ATHs).  At the time of writing, the XRP price is trading at around $2.25, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

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