| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107358.3600000000 |
| ETH | $2439.6370000000 |
| BNB | $649.9543600000 |
| XRP | $2.1859200000 |
| ADA | $0.5615964000 |
| SOL | $150.0794000000 |
| DOGE | $N/A |
| DOT | $3.4057100000 |
| LTC | $86.7874000000 |
| LINK | $13.4217200000 |
Category: CRYPTO NEWS
The post Peter Brandt Suggests Bitcoin’s Current Price Structure May Resemble 2021 Top, Urges Caution appeared on BitcoinEthereumNews.com. Peter Brandt, a veteran trader, warns that Bitcoin’s current price action resembles the distribution pattern seen at the 2021 market peak, signaling potential caution for investors. The current consolidation near $105K–$110K mirrors the sideways range before Bitcoin’s last major correction, suggesting possible trend exhaustion after a strong rally. According to COINOTAG, Brandt’s analysis highlights a critical juncture where a breakdown could trigger a significant drawdown, echoing the 70% decline following the 2021 top. Bitcoin’s price structure today shows striking similarities to its 2021 peak, prompting expert caution amid consolidation near $105K and potential market volatility ahead. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Peter Brandt’s Chart Comparison Signals Potential Bitcoin Trend Exhaustion Renowned trader Peter Brandt has drawn attention to Bitcoin’s current price formation, comparing it to the distribution pattern observed in late 2021. This pattern, characterized by a sideways trading range following a sharp rally, often indicates that the momentum driving the asset upward is weakening. Brandt’s analysis focuses on two boxed areas on his chart: the first from November 2021, where Bitcoin reached its all-time high near $69,000, and the second representing the present consolidation zone between $105,000 and $110,000. Both zones show price stalling at record highs, which historically precedes significant corrections. This comparison serves as a cautionary signal for traders and investors, emphasizing the importance of monitoring key support levels and volume trends before…
2025-06-15T03:45:19+00:00