Those who don’t know, Peter Brandt is one of the most highly respected TA analysts and he genuinely does not say things just for attention.
coinfeeds-bot on
tldr; Veteran trader Peter Brandt has warned that Bitcoin’s recent sell-off may not be over, identifying $58,000 as the next major downside target. This projection is based on long-term trend analysis, a bearish megaphone pattern, and a death cross between key moving averages. Brandt suggests Bitcoin must reclaim $93,000 to negate the bearish outlook. Despite the current caution, he maintains a long-term bullish view, projecting a potential rally to $200,000 by 2029, while advising patience during the ongoing correction.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
AgitatedDragonfly769 on
The way these headlines are going…Next headline: Bitcoin is a scam, I told you so
Odd_Copy_8077 on
I’m tired of winning, boss.
ace250674 on
200wma and my target too, let’s go!
SowiWowi on
I still be in green
Grunchie on
The bottom will be lower
Present_Air_7694 on
He’s absolutely right.
It could be.
Tasigur1 on
It’s more or less the 200 WMA. Below that, it has always been a great buying opportunity.
ofyellow on
Wtf if „a target“.
Jesus people are stupid.
Bitcoin does not have a target like rain 6 weeks from now doesn’t.
Andynr on
Water is wet. Btc is going to around 50k sooner or later. Long-term though? 200k isn’t a bad guess I think. But yeah, more pain to come in short to medium term so 2026 will be even more brutal than 2025 I think
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Don’t tempt me with a good time.
Those who don’t know, Peter Brandt is one of the most highly respected TA analysts and he genuinely does not say things just for attention.
tldr; Veteran trader Peter Brandt has warned that Bitcoin’s recent sell-off may not be over, identifying $58,000 as the next major downside target. This projection is based on long-term trend analysis, a bearish megaphone pattern, and a death cross between key moving averages. Brandt suggests Bitcoin must reclaim $93,000 to negate the bearish outlook. Despite the current caution, he maintains a long-term bullish view, projecting a potential rally to $200,000 by 2029, while advising patience during the ongoing correction.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The way these headlines are going…Next headline: Bitcoin is a scam, I told you so
I’m tired of winning, boss.
200wma and my target too, let’s go!
I still be in green
The bottom will be lower
He’s absolutely right.
It could be.
It’s more or less the 200 WMA. Below that, it has always been a great buying opportunity.
Wtf if „a target“.
Jesus people are stupid.
Bitcoin does not have a target like rain 6 weeks from now doesn’t.
Water is wet. Btc is going to around 50k sooner or later. Long-term though? 200k isn’t a bad guess I think. But yeah, more pain to come in short to medium term so 2026 will be even more brutal than 2025 I think