Peter Brandt Predicts Bitcoin's Sharp Decline to $25,000
Bitcoin's Potential Decline: Peter Brandt warns that Bitcoin could drop to around $25,240, indicating a potential 80% decline due to a critical breakdown in its parabolic growth pattern.
Slowing Growth Phase: Brandt suggests that Bitcoin's explosive price surges are slowing down, marking a transition into a maturing phase where investors may need to adjust their expectations for returns.
Historical Context: The analysis highlights that Bitcoin has historically experienced exponential growth followed by significant corrections, with past parabolic breakdowns leading to major price declines.
Current Market Resistance: As Bitcoin struggles to maintain momentum above the $90,000 level, Brandt's warning serves as a caution for investors to assess the possibility of a major correction in the near future.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH 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, ETH 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 $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 730.675 | 1239.238 | 1697.515 | 2206.078 | 2664.355 | 3172.918 | 3631.195 |
| Fibonacci | 1239.238 | 1608.571 | 1836.745 | 2206.078 | 2575.411 | 2803.585 | 3172.918 |
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