Bitcoin: Veteran trader Peter Brandt makes prediction on BTC price $BTC
remained in red at Monday's start, down 0.66% in the last 24 hours to $26,866. The cryptocurrency market has become monotonous as Bitcoin , the largest digital asset in the world by market value, has settled into the tightest price range in months., the range, or the difference between the high and low hit in the seven days leading up to May 21, was 3.4%. This is still one of the tightest in the last three years and is on par with the sluggish trading in January 2023 and July 2020.
"The 7-day price range that Bitcoin has consolidated within is one of the tightest over the last 3 years. It is comparable to January 2023 and July 2020, both of which preceded large market moves...This suggests high volatility is likely on the horizon," the blockchain analytics firm added while predicting a large market move., however, believes Bitcoin might see one more shakeout before it starts to trend higher.
Perhaps one more shake out break, then thrust higher. But hey, that’s just a guess, and guessing is the best we have to offer. If anyone is dogmatic about their brilliance, turn and run, protecting your wallet.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin forgets Fed as trader eyes classic BTC price 'liquidity hunt'Bitcoin may see another breakdown, traders argue as BTC price ekes out a narrow range.
Read more »
Bitcoin (BTC) Price Analysis for May 20When can traders expect a price blast of BTC? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
Bitcoin (BTC), Ethereum (ETH) Show 'Imperfect Hint' at Future Bull Runs: SantimentThis indicator shows upcoming bull runs for Bitcoin, Ethereum santimentfeed $BTC $ETH whale_alert
Read more »
Pro-XRP Attorney John Deaton Shares Surprising Comment on His Bitcoin (BTC) HoldingsJohn Deaton, seasoned cryptocurrency lawyer and founder of CryptoLaw firm, sheds light on his portfolio and his attitude toward XRP Army
Read more »
Bitcoin FOMO is gone, portfolio managers are taking BTC seriously — 3iQ CEO'Institutions and the portfolio managers [...] are now starting to take a look at Bitcoin as a serious venue,' claims Fred Pye, CEO of 3iQ CEO, Canada's first Bitcoin fund issuer.
Read more »
Bitcoin Transaction Backlog Shrinks, but Over 289,000 Still Await Confirmation – Bitcoin NewsCurrently, statistics indicate that a high-priority Bitcoin network fee stands at $1.81 per transaction, while a medium-priority fee costs $1.62.
Read more »