Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Veteran Trader Peter Brandt Sees Bitcoin Flashing Bearish Signal, Warns BTC Crashing Below $80,000 a Possibility

Veteran trader Peter Brandt is warning that a bearish signal is flashing for Bitcoin, indicating that BTC might head to much lower prices. Brandt tells his 763,600 followers on the social media platform X that Bitcoin may be forming a bearish reversal pattern on the daily chart that could lead to a dip into the $70,000 range. “Hey trolls, this is not a prediction. Just always pointing out possibilities, not probabilities, not certainties. No screenshot is necessary. BTC right-angled broadening triangle could project back into the $70,000s and a test of the parabolic modality.” Source: Peter Brandt/X Looking at the trader’s chart, he seems to predict that BTC may drop to as low as $76,614 if it shatters support at around $90,000. Bitcoin is trading for $97,201 at time of writing, up fractionally in the last 24 hours. Brandt is also warning that Ethereum ( ETH ) rival Cardano ( ADA ) may be printing a head and shoulders pattern on the daily time frame and could plunge if the support level at $0.91 fails to hold. A head and shoulders pattern is typically considered a bearish reversal structure in technical analysis, suggesting that the asset’s uptrend is over. “Cardano looks like a potential car crash.” Source: Peter Brandt/X ADA is trading for $0.95 at time of writing, up 7.2% in the last 24 hours. Lastly, Brandt suggests that payments-focused altcoin XRP is printing a bullish continuation pattern on the daily chart. “XRP appears to be resolving a half-mast flag. If so, distance to the upside should equal advance into the tip of flag.” Source: Peter Brandt/X XRP is trading for $2.28 at time of writing, up slightly in the past day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Veteran Trader Peter Brandt Sees Bitcoin Flashing Bearish Signal, Warns BTC Crashing Below $80,000 a Possibility appeared first on The Daily Hodl . NullTx

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Bitcoin Dips Below $100K As Accumulation And Institutional Activity Surge

Bitcoin has slipped below the $100,000 mark, but a significant demand zone has emerged just beneath this level. On-chain data reveals that over 1.45 million BTC were accumulated at an average price of $97,500, creating a key support zone that could influence future market movements. Will Bitcoin retrace below $100k? Interestingly, a significant demand zone has formed just under $100k. Over 1.45 million BTC was accumulated at an average price 97.5k, making this an important potential support zone. pic.twitter.com/vDcHEl8OKV — IntoTheBlock (@intotheblock) December 19, 2024 Recent months have also seen a notable shift in Bitcoin ownership. The proportion of wealth held in recently moved supply has been increasing, as long-term holders redistribute coins to new investors. This trend highlights a surge in demand-side activity and growing interest from fresh market participants. The proportion of #Bitcoin wealth held within recently moved supply has started to increase meaningfully in recent months. This occurs as coins held by Long-Term Holders are distributed to new investors, which in turn highlights a surge in new demand-side activity. pic.twitter.com/h0P5gMihlj — glassnode (@glassnode) December 19, 2024 Institutional players continue to play a pivotal role in the Bitcoin ecosystem. Marathon Digital (@MARAHoldings) recently added 1,627 BTC, worth $166 million, to its holdings within just eight hours. Meanwhile, MicroStrategy’s Michael Saylor announced plans to transition the company’s fundraising strategy. On-chain data shows that Marathon Digital( @MARAHoldings ) has accumulated 1,627 $BTC ($166M) in the past 8 hours. https://t.co/9DlN5ZPsBz pic.twitter.com/3KQUfyJnJY — Lookonchain (@lookonchain) December 19, 2024 After exhausting the current leveraged Bitcoin proxy plan, MicroStrategy intends to focus on fixed-income securities to finance future cryptocurrency purchases. So far, the firm has utilized a mix of new stock and convertible bond sales to expand its Bitcoin reserves. MicroStrategy`s Michael Saylor said that once the current fundraising plan is exhausted, the company will shift from the leveraged Bitcoin proxy plan to a more focused fixed-income securities to raise funds to buy cryptocurrencies. So far, MicroStrategy has used a combination of… — Wu Blockchain (@WuBlockchain) December 19, 2024 Bitcoin spot ETFs are also experiencing consistent inflows, signaling sustained interest from institutional investors. On December 18, spot ETFs recorded a net inflow of $275 million, marking 15 consecutive days of positive flows. Notably, BlackRock’s IBIT ETF saw a substantial net inflow of $360 million. On December 18, Bitcoin spot ETFs had a total net inflow of $275 million, continuing net inflows for 15 consecutive days. BlackRock ETF IBIT had a net inflow of $360 million. https://t.co/59u0BnEqLG pic.twitter.com/8YRtjyAxNI — Wu Blockchain (@WuBlockchain) December 19, 2024 Despite Bitcoin’s recent price dip, the underlying fundamentals indicate robust demand and increasing institutional adoption. With significant accumulation at current levels and continued inflows into Bitcoin-focused financial products, the market remains poised for potential growth in the near term. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: alekskhmelev/ 123RF // Image Effects by Colorcinch NullTx