peterbrandt

The price of Bitcoin has come under renewed selling pressure in recent days. After breaking several key support levels, BTC slid back toward the $92,000 area. The decline reflects a mix of factors: a more risk-averse market mood, concerns over potential Greenland-related tariffs, selling by large holders, and broader macroeconomic headwinds.
A growing number of analysts now believe the current move could be the early stage of a deeper correction, with some warning that Bitcoin may revisit levels near $62,000.

Peter Brandt: A Move to $58,000–$62,000 Is on the Table
Veteran trader Peter Brandt remains firmly cautious. According to his analysis, Bitcoin could decline into the $58,000–$62,000 range. This zone sits just above the realized price and close to the 200-week moving average—often viewed as a long-term market “floor.”
Brandt shared a daily BTC chart highlighting similarities with the market structure seen during the sharp crypto selloff last October. Other analysts echo this view, including Ali Martinez, who points to a potential pullback at least toward $66,000.
Martinez also notes that Bitcoin’s current behavior closely resembles its 2022 trend. Given BTC’s tendency to follow historical patterns, he expects a more pronounced downside move could still lie ahead.

Technical Patterns Flash Warning Signs
Shorter-timeframe charts are also turning bearish. Analyst Cheds Trading highlights a bearish flag breakout on the four-hour BTC chart—typically a continuation pattern within a downtrend.
He identifies the $90,400 level as a critical support to watch. A decisive break below this area could accelerate further downside.

On-Chain Data: Short-Term Holders and Whales Are Selling
Blockchain data reinforces the cautious outlook. Short-term holders and large investors—commonly referred to as whales—have been reducing exposure after BTC failed to hold above $97,000. The recent market bounce was driven more by derivatives flows and short liquidations than by sustained spot demand.
Julio Moreno, head of research at CryptoQuant, noted that Bitcoin holders have begun realizing losses again. The 30-day realized net profit/loss metric has turned negative for the first time since October 2023.
Meanwhile, Onchain Lens reported that some whales are opening new short positions on BTC. One large trader fully closed long positions across BTC, ETH, SOL, and DOGE, locking in a realized loss of $2.64 million.

Glassnode: Consolidation More Likely Than Immediate Breakdown
A slightly more balanced perspective comes from Glassnode. The platform notes that while Bitcoin is drifting back toward the $90,000 area and momentum is cooling, it remains above neutral levels.
According to Glassnode, the market may be more likely to enter a consolidation phase rather than an immediate, sharp downtrend—though volatility is expected to stay elevated.

Mixed Signals From Derivatives and ETFs
Options traders remain cautious amid heightened uncertainty. However, some spot and futures indicators point to a modest improvement in short-term sentiment. In addition, inflows into Bitcoin ETFs suggest renewed institutional interest.
That said, the STH-NUPL metric—which tracks unrealized profit or loss among new BTC holders—indicates that investors who entered since November 2025 are sitting on net unrealized losses. This dynamic could add selling pressure if prices continue to fall.

Current Price Action
Over the past 24 hours, Bitcoin has declined by nearly 2% and is currently trading around $90,889. The daily low stands at $90,833, while the high reached $93,358.
Whether Bitcoin can stabilize above key support levels—or whether analysts’ warnings of a deeper pullback toward $62,000 come to pass—remains the central question for the market.

#bitcoin , #BTC , #PeterBrandt , #CryptoAnalysis , #CryptoMarket

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Legendary trader Peter Brandt has issued a stark warning for XRP holders, pointing to a descending triangle formation on the charts — a pattern that often signals further downside ahead.

🔻 Key Levels to Watch:

Current support sits at $2.78

If this breaks, downside targets may be $2.40 and even $1.90

XRP has already fallen ~24% from its recent ATH of $3.67 (July 18)

Brandt’s analysis shows lower highs converging on support, reflecting weakening buying pressure and strengthening bearish momentum.

📉 On Friday alone, XRP dipped nearly 6%, with a daily low of $2.8 on Bitstamp — further confirmation of fragile sentiment surrounding the asset.

🌍 Wider Market Impact:

The decline isn’t isolated. The broader crypto market is in a downturn, with Bitcoin sliding below $109K, amplifying caution across altcoins. This negative environment makes it even harder for XRP to hold critical levels.

⚠️ The Takeaway:

XRP’s $2.78 support is now the line in the sand. If bulls fail to defend it, Brandt warns that a sharper decline may follow, dragging prices toward $2.4 or $1.9.

👉 Traders should remain cautious, watch volume trends, and prepare for potential volatility as XRP navigates this crucial technical test.

#XRP #Crypto #altcoins #PeterBrandt #TechnicalAnalysis

After Bitcoin ($BTC ) surged to a new all-time high of $112,000, bulls were buzzing about a potential run to $150K by year’s end. But as of June 7, price is sliding under $105K — and the technicals? They’re starting to look dangerously familiar. 👀

📉 2021 Fractal Repeating?
Bitcoin’s weekly chart is showing a bearish RSI divergence — the same kind of pattern we saw right before the 2021 top.
🔹 RSI is dropping, even as price made higher highs
🔹 In 2021, that setup led to a 61% crash
🔹 Today’s divergence could mean a pullback to the 200-week EMA — around $64K
That’s a potential 52% correction, right as the market’s been eyeing that sweet $150K breakout. 🤯

🧩 Inverse Cup-and-Handle Forming?
Zooming in on the daily chart, traders are watching an inverse cup-and-handle pattern — a bearish setup. 😬
• Neckline support sits around $100,800
• Breakdown from here could send BTC to $91K
• That would test the 200-day EMA, a key support line
Meanwhile, RSI has dropped to 52, and if it breaks under 50? It could trigger even more selling. 🧨
To flip the script, bulls need to reclaim the 20-day EMA (~$105K). No pressure. 😅

🧙‍♂️ Peter Brandt Sounds the Alarm
Legendary trader Peter Brandt isn’t optimistic unless Bitcoin can reclaim its parabolic trendline.
In his May 2025 analysis, he warned:
“Failure to hold this curve could end the bull cycle early.”
He’s eyeing a rising wedge breakdown, and suggests that a failure here could lead to the classic 50–60% retracement we’ve seen after past BTC tops.

🪙 But Some Still See $150K Ahead…
Not everyone’s throwing in the towel. 🏁
Bullish analysts are comparing Bitcoin’s current structure to gold’s 2000s breakout — saying BTC could mimic that trajectory on its way to $150K–$175K. 📈
• Tony Severino points to a potential bull flag forming
• Axel Adler Jr. believes BTC is entering a “start zone” for a major rally
• If NUPL/MVRV ratio breaks above 1.0, history says: blastoff 🚀

📊 TL;DR – Are We Going Up or Down?
The market’s at a crossroads.
Either Bitcoin holds $100K and reclaims momentum…
Or the bearish divergences and patterns play out, sending us back toward $91K, or even $64K.
One thing’s clear:
🎯 Hitting $150K won’t be a straight line.
It might come — but not before some serious pain.
#MarketPullback #PeterBrandt #RSI #BullRunOrBust #150K #CryptoTA #DYOR #CryptoNews #InverseCupAndHandle