Bitcoin Price Crash to $60k? Peter Brandt Flags Sell Signal For BTC
Veteran trader Peter Brandt has flagged a sell signal for Bitcoin, hinting at a potential crash to $60,000. The warning comes as Bitcoin faces renewed downside pressure amid uncertainty over peace talks between the US and Iran, with the price dropping below $66,000 today.
Veteran trader Peter Brandt has highlighted a sell signal for Bitcoin, potentially sparking a crash to $60,000. Bitcoin's price has dropped below $66,000 due to uncertainty over US-Iran peace talks. Brandt noted that Bitcoin obeys classical charting rules, suggesting a bearish setup. The Bitcoin price is at a critical support level between $66,000 and $67,000. If this level is lost, Bitcoin could drop to new lows. Market analyst Ted Pillows also warned of a potential crash, citing a rising 10-year bond yield and other macro factors as bearish for crypto.
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