Bitcoin $95,447.5 It made for a harrowing 24 hours for investors, and the situation was even worse for altcoins. So what happens now? Significantly undermining hopes, increasing negativity essentially provides hope for a period of real upswing. We see such movements begin in periods when fear is at its peak. So what does a 50-year trader say?
Famous Trader Bitcoin Prediction
Popular analyst Peter Brandt, who has been trading for 50 years, today Bitcoin He shared his latest evaluation about. through the years BTC Peter didn’t say anything encouraging about that. It generally feeds negativity, but sometimes it also shares bullish signals.
Today’s evaluation may further upset investors who have made decisions.
“Graphs change all the time. That’s why we should never trust any formation. Intraday charts turn into daily charts, weekly charts, and monthly trends – until you get a chart that works.
Bitcoin $BTC — the main trend continues to rise, but the daily chart is tracing an H&S top — this formation could take prices to 73,000 or turn into something else.
Charts do NOT predict prices or trends. Graphics always fail. The real value of charts is in timing periodic asymmetric risks
My historical win rate on trades is 50% and varies. Historically, only 15% of my trades generate income for me. The other 85% balance each other out.”
If Peter is right, the prices of altcoins may drop to the levels of the day BTC dropped to 20 thousand dollars. We may see this cause serious panic selling. So does the worst always happen?
Cryptocurrencies Will Rise
We were talking about historical data in 2022 and that we would see an increase in the markets in 2024-2025. We’ve seen a BTC rally so good we’ll forget the 2022 crash and soon FTX We will see the effects of the refunds. However BTC The daily losses of 5-7% in the price create a feeling in investors that everything is over.
If history repeats itself and we do not experience a completely different process in cryptocurrencies, we should see new peaks in all altcoins before the end of the year. Halving next year ETH and altcoins It brought about a rise every time. Institutions are accumulating billions of dollars in BTC and the United States is getting a crypto-friendly president. What more needs to happen for us to see a real rise in 2025?
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
