Peter Brandt Issues Bitcoin Sell Signal Amid Market Pressure
- Increased Market Pressure: Veteran analyst Peter Brandt has issued a sell signal for Bitcoin, predicting a potential price drop unless it exceeds $93,000, marking a significant update for the cryptocurrency market facing substantial pressure.
- Significant Market Reactions: Market responses reflect Brandt's respected status, with an anonymous analyst stating, 'Crypto is preparing for the worst,' emphasizing the lack of official comments from major exchanges or regulatory agencies.
- Current Bitcoin Market Data: According to the latest data from CoinMarketCap, Bitcoin's price stands at $87,773.40, with a market cap of $1.75 trillion and a market dominance of 59.12%, while trading volume surged to $47.26 billion, reflecting a 173.60% change and a 0.75% decline over the past 24 hours.
- Technical Analysis Warning: Insights suggest that Bitcoin's price must reclaim $93,000 to negate Brandt's sell signal, with ongoing market volatility potentially impacting future regulatory discussions and market direction.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0458 | 0.0629 | 0.0817 | 0.0988 | 0.118 | 0.135 | 0.154 |
| Fibonacci | 0.0629 | 0.0766 | 0.0851 | 0.0988 | 0.113 | 0.121 | 0.135 |
About DOGE
About the author








