Gate News message, April 29 — Peter Brandt, the renowned trader and chart analyst who successfully predicted Bitcoin’s 2018 collapse, posted a chart analysis yesterday (April 28) arguing that Bitcoin enthusiasts should abandon expectations for BTC to reach $250,000 this year.
Brandt characterized the current Bitcoin price action as a channel formation rather than a bullish bottom reversal pattern. While this formation does not rule out further upside, it lacks a strong bottom signal, according to his analysis.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Zondacrypto Customer Data Offered for Sale on Darknet for 550 Euros and 0.6 BTC
According to Bitcoin.pl, customer data from failed Polish exchange Zondacrypto has been offered for sale on the darknet, with two packages available. The smaller package, containing email addresses and basic identification data, is priced at approximately 550 euros, while the larger set—including
GateNews16m ago
Mezo Launches Bitcoin Vaults With Anchorage, Bullish Commits 250 BTC
According to Mezo and its partners, the Bitcoin-native finance platform has launched Mezo Prime, an institutional product offering yield and lending against held Bitcoin, today. Bullish (NYSE: BLSH) is the launch customer, investing 250 BTC into Mezo and deploying part of its corporate Bitcoin
GateNews24m ago
Whale Opens $13M Bitcoin Short on Hyperliquid With 9x Leverage at $77,627 on April 29
According to Hyperinsight monitoring, a whale on Hyperliquid opened a 9x leveraged BTC short position worth $13 million at an average entry price of $77,627 on April 29. The trade was initiated as Bitcoin recovered to around $77,700, near a key support-resistance level from the market pullback on Ap
GateNews1h ago
Bitcoin Spot Trading Volume Hits Lowest Level Since Last Bear Market
According to ChainCatcher, Bitcoin spot trading volumes across major exchanges have dropped to their lowest levels, matching levels seen at the end of the previous bear market. In the low-volume environment, market depth has declined significantly, with even small capital flows capable of
GateNews1h ago
Bitcoin CEX Net Inflows Surge to 9,905 BTC on April 27, Marking 30-Day High
According to CryptoQuant analyst Woominkyu, on April 27, Bitcoin CEX net inflows surged to 9,905 BTC, marking the largest single-day inflow in 30 days. The Exchange Whale Ratio spiked to 0.707, the highest level in over a week, indicating that the top 10 inflows accounted for over 70% of all
GateNews2h ago
QCP: Bitcoin Maintains Range-Bound Trading as Macro Uncertainty Dominates Market Sentiment in April
According to ChainCatcher, QCP released a market observation on April 29 noting that Bitcoin maintains range-bound trading as macro uncertainty dominates market sentiment following the fading of geopolitical tailwinds. Both traditional and crypto markets have shifted to cautious positioning.
QCP no
GateNews2h ago
