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 . Crypto Potato

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FTX/Alameda Nearly Sells Out Of 25 Million WLD Holdings

FTX/Alameda is close to offloading its entire allocation of 25 million WLD tokens. Over the past few weeks, the entity’s wallet transferred a total of 21.856 million WLD tokens—valued at $58.77 million—to five BitGo custodial wallets. These transactions are believed to be over-the-counter (OTC) sales to major investors or institutions. FTX/Alameda 手上的 2500 万枚 WLD 卖的差不多了。 FTX/Alameda 地址在今天和 半个月前，一共向 5 个 BitGo 托管钱包转移了 2185.6 万枚 WLD ($58.77M)。这很可能是通过 OTC 的方式出售给了一些大投资者或机构。 再加上他们从 8 月份以来以每周一笔的频率一共向币安转移了 280.9 万枚 WLD。… pic.twitter.com/ohOClqunQR — 余烬 (@EmberCN) December 19, 2024 Additionally, since August, FTX/Alameda has transferred 2.809 million WLD to Binance, completing one transaction per week on average. Now, only 334,000 WLD tokens, worth approximately $800,000, remain from the original investment. Market trends indicate that Smart Dex Traders (SDTs) exited their positions at an average price of $3.8. While some investors have repurchased tokens, the majority have not returned to the market. Whale activity shows a mixed outlook, with some exiting at $3.9, while others with a mid-term perspective are starting to accumulate. However, at today’s price of $2.4, there has been no significant buying activity. Quick Catchup on $WLD Figure 1: Smart Dex Traders (SDTs) sold at $3.8. Some investors have returned to buy, but overall, most have not come back yet. If you’re trading short-term, you might want to keep an eye on the SDTs. Figure 2: Some Whales exited the market at $3.9. A… pic.twitter.com/A4IFWDlIKm — iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) December 19, 2024 Meanwhile, technical analysis suggests potential opportunities in the broader market. According to analyst Ali Martinez, the TD Sequential indicator has flashed buy signals for several assets, including XRP, Solana ($SOL), Maker ($MKR), and Worldcoin ($WLD), on their 4-hour charts. The TD Sequential indicator presents buy signals on the $XRP , #Solana $SOL , #Maker $MKR , and #Worldcoin $WLD 4-hour charts! pic.twitter.com/2MO4Ic1DET — Ali (@ali_charts) December 19, 2024 The dwindling supply of WLD in FTX/Alameda’s holdings, combined with current market activity, reflects a cautious sentiment among investors. While some are positioning for the long term, the overall market appears hesitant to take new risks at the current price levels. 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: nexusplexus/ 123RF // Image Effects by Colorcinch Crypto Potato