Bitcoin (BTC) Risks 80% Drop? Peter Brandt Flags Parabolic Collapse
Share:
Bitcoin is currently priced around $89,800, having experienced a 2% decline over the past week. Technical analysts are showing caution as long-term indicators indicate risks of a potential extended decline, based on historical patterns.
Bitcoin is trading near $89,800 following a week of mild losses. The asset is down slightly in the past 24 hours and 2% over the last 7 days. While the price action remains above the $89,000 mark, technical analysts are raising caution as long-term indicators begin to shift.
Among them, veteran trader Peter Brandt has warned that Bitcoin may be at risk of an extended decline if historical patterns repeat.
In This News
Coins
$ 69.35K
-0.98%Share:
In This News
Coins
$ 69.35K
-0.98%Share:
Read More
Is the $71K Pump a Bull Trap? Why Analysts Are Calling for a $50K Bitcoin Crash
Bitcoin Once Surged 2,200% After This Key Signal That Just Flashed: Is History Repeating?
Bitcoin (BTC) Risks 80% Drop? Peter Brandt Flags Parabolic Collapse
Share:
Bitcoin is currently priced around $89,800, having experienced a 2% decline over the past week. Technical analysts are showing caution as long-term indicators indicate risks of a potential extended decline, based on historical patterns.
Bitcoin is trading near $89,800 following a week of mild losses. The asset is down slightly in the past 24 hours and 2% over the last 7 days. While the price action remains above the $89,000 mark, technical analysts are raising caution as long-term indicators begin to shift.
Among them, veteran trader Peter Brandt has warned that Bitcoin may be at risk of an extended decline if historical patterns repeat.
In This News
Coins
$ 69.35K
-0.98%Share:
In This News
Coins
$ 69.35K
-0.98%Share:
Read More
Is the $71K Pump a Bull Trap? Why Analysts Are Calling for a $50K Bitcoin Crash