🚨 #BreakingNews: Noted American trader Peter Brandt, via his Diagnosed, highlights that the BTC weekly Renko chart signaled a buy at around $22,000, noting the effectiveness of Renko charts from Japan in displaying market trends. 📊📈 #PeterBrandt #BTCAnalysis 🇺🇸📢

🔥Be careful!
💥Experts warn of potential crash!

Experts such as #BenjaminCowen and #PeterBrandt are raising concerns about a potential crash in the price of #Bitcoin if historical chart patterns repeat.

Bitcoin: No Breakout, No Trade, Says Peter Brandt
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Story Highlights
Peter Brandt says Bitcoin (BTC) is in range bound and noted that “No Breakout yet so no trade.”

Based on historical price momentum, Bitcoin could reach the $67,700 level in the coming days.

Traders have liquidated a significant $205.86 million worth of short and long positions.

In the ongoing volatile cryptocurrency market, traders have liquidated a significant $205.86 million worth of short and long positions within just 24 hours. This likely occurred as Bitcoin the world’s biggest cryptocurrency, experienced significant price fluctuation between $60,500 and $58,000 level.

Peter Brandt’s Strategy 
Amid these notable ups and downs, Peter Brandt, a veteran trader and chartist made a post on X (previously Twitter) stating that Bitcoin (BTC) is in range bound and noted that “No Breakout yet so no trade.” This post on X has gathered massive attention from the crypto community. 

In his post, Peter shared his perspective on charting, stating “I trade set-ups via classical charting principles. I avoid trades when price is range bound. My entry is on completed patterns.”
Bitcoin’swhat  Chart Analysis

As of now, BTC has been moving in a descending channel pattern since March 2024. In this pattern, mostly range-bound traders participate by buying at support and selling at resistance levels. However, based on Peter’s recent post, it appears that he is a breakout trader. 

According to historical data or price action, whenever an asset’s price moves within a range for an extended period, it is often considered as a preparation for a significant upside rally. However, BTC has been in range bound for approximately 3 months.

#Bitcoin #Crypto #BTC #PeterBrandt #CryptoMarketMoves $BTC $ETH $SOL

🚀 Peter Brandt Signals Possible Bitcoin Halving Rally Start! 🚀

Veteran analyst Peter Brandt has announced that Bitcoin’s anticipated post-halving rally may already be underway. Brandt believes that BTC has ended its "falling peaks, falling bottoms" trend that began in March and has now completed a 5-month reverse expanding triangle formation.

Key insights from Brandt:

Potential for Major Continuation: The halving effect could spark a long-term rise in BTC.

Long-Term Target: He foresees Bitcoin possibly reaching $135,000 by August or September 2025.

Historic Breakthrough: Recently, Brandt called this a “historic break” for Bitcoin, hinting at a long-awaited trend shift.

Is this the beginning of the next bull cycle? With the halving just around the corner, all eyes are on Bitcoin’s movement! 📈

#Bitcoin #BTC #Crypto #PeterBrandt #BitcoinHalving

Peter Brandt, a veteran trader, predicts Bitcoin could soar to $130,000 to $150,000 by 2025, driven by historical halving cycles and macroeconomic factors. He emphasizes that the upcoming U.S. presidential elections and potential interest rate cuts may further propel Bitcoin's price. However, he warns that a drop below $48,000 could invalidate these bullish projections.

#Bitcoin #Cryptocurrency #PeterBrandt #BitcoinPrediction #Investing