Bitcoin Among Crypto News Signals That Herald a Potential Collapse

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The crypto news community is closely following the predictions of Peter Brandt, an established technical analyst who correctly predicted Bitcoin’s collapse in 2018. Currently, Brandt signals new signs of attention in the cryptocurrency market, outlining a significant collapse scenario in the coming months.

Analyst Brandt’s Downward Forecasts

According to NS3.AI, the analyst expects Bitcoin prices to fall by between 33% and 37%. This is not a simple technical hypothesis: Brandt identified strong resistance positioned around $102,300, a crucial level that the market needs to maintain. Should this barrier give way and bearish trends persist, the crash could take the price to between $58,000 and $62,000, representing a major correction in the crypto news landscape.

Technical Analysis and Critical Levels

Brandt’s methodology is based on a rigorous analysis of resistance and support levels. The $102,300 represents not only an important psychological threshold, but also a point of technical inflation where the market could reverse its trend. If the collapse were to occur as expected, it would lead to a significant redistribution of capital, generating opportunities but also considerable risks for traders.

Current Market Situation

At the time of writing, Bitcoin is trading at $84,480 with a 5.36% decline in the last 24 hours. This downward movement aligns the market with Brandt’s bearish forecasts, confirming the signs of technical weakness that have characterized recent crypto news. The volatility observed reflects investors’ uncertainty in the face of potential collapse scenarios outlined by analysts.

Attention to crypto news remains high as the market monitors whether Bitcoin will be able to maintain current levels or whether it will actually fall towards the bearish targets envisaged by the analyst.

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