{"id":42888,"date":"2023-01-31T08:26:35","date_gmt":"2023-01-31T08:26:35","guid":{"rendered":"http:\/\/egrowonline.com\/?p=42888"},"modified":"2023-01-31T08:26:35","modified_gmt":"2023-01-31T08:26:35","slug":"legendary-trader-peter-brandt-says-bitcoin-flashing-rare-bullish-signal-heres-his-target","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=42888","title":{"rendered":"Legendary Trader Peter Brandt Says Bitcoin Flashing Rare Bullish Signal \u2013 Here\u2019s His Target"},"content":{"rendered":"


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Veteran analyst Peter Brandt thinks that Bitcoin (BTC<\/a>) has more upside potential after breaking out from an \u201cextremely rare\u201d technical pattern.<\/p>\n

Brandt tells his 695,200 Twitter followers that Bitcoin is likely to see more rallies after BTC took out the resistance of a fulcrum pattern around $19,000.<\/p>\n

\u201cThe bottom in BTC is a double-walled fulcrum pattern. Extremely rare. The 2X target is mid $25,000s.\u201d<\/em><\/p>\n

\"Image\"
Source: Peter Brandt\/Twitter<\/a><\/figcaption><\/figure>\n

Fellow crypto analyst Cheds is also keeping a close watch on the $25,000 price level for Bitcoin. The trader shares<\/a> his bull and bear scenarios for Bitcoin, arguing that BTC remains in a macro downtrend until it takes out resistance at $25,500.<\/p>\n

\u201cBull: Observed the significant blow to bear momentum with bulls breaking back into 150-day range, closing multiple days above 200-day moving average first time since 12\/21, and breaking lower high structure on daily.<\/em><\/p>\n

Bear: price still below 200-week moving average and $25,500 trigger level. Bearish re-test until.\u201d\u00a0<\/em><\/p>\n

He also shares a chart showing that $25,500 is the bears\u2019 last line of defense.<\/p>\n

\u201cBTC weekly chart.<\/em><\/p>\n

Bear thesis dead if price flips $25,500.\u201d\u00a0<\/em><\/p>\n

Meanwhile, popular crypto analyst Kaleo believes that Bitcoin will easily slice through resistance at $25,500.<\/p>\n

\u201cFull send soon, please and thanks. Sometimes it really is that simple\u2026 Something like this makes sense.\u201d\u00a0<\/em><\/p>\n

\"Image\"
Source: Peter Brandt\/Twitter<\/a><\/figcaption><\/figure>\n

At time of writing, Bitcoin is trading for $22,818, down over 4% on the day.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Veteran analyst Peter Brandt thinks that Bitcoin (BTC) has more upside potential after breaking out from an \u201cextremely rare\u201d technical pattern. Brandt tells his 695,200 Twitter followers that Bitcoin is likely to see more rallies after BTC took out the resistance of a fulcrum pattern around $19,000. \u201cThe bottom in BTC is a double-walled fulcrum […]<\/p>\n","protected":false},"author":1,"featured_media":42889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[50,5337,359,2543,164,492,5336,5573,3785,182,193],"class_list":["post-42888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-brandt","tag-bullish","tag-flashing","tag-heres","tag-legendary","tag-peter","tag-rare","tag-signal","tag-target","tag-trader"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/01\/Brandt-Says-Bitcoin-Flashing.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42888"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42888\/revisions"}],"predecessor-version":[{"id":42890,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42888\/revisions\/42890"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/42889"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42888"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}