Peter Brandt Anticipates Possible Bitcoin Crash Matching November 2021 Pattern

Bitcoin is showing a rate structure that looks like the market conditions leading up to the 2021 crash. Bitcoin Rate Structure Mirrors 2021 Distribution ZoneThe post Peter Brandt Predicts Possible Bitcoin Crash Matching November 2021 Pattern appeared initially on CoinGape.

Bitcoin is showing a cost structure that looks like the market conditions leading up to the 2021 crash. Bitcoin Rate Structure Mirrors 2021 Distribution Zone Bitcoin has been trading in between $60,000 and $105,000, a variety that has actually continued for about seven months. Bitcoin Technical Resistance and Market Behavior Bitcoin has actually just recently stopped working to hold above the $106,000 resistance zone.

Bitcoin is showing a cost structure that looks like the market conditions leading up to the 2021 crash. Bitcoin Rate Structure Mirrors 2021 Distribution Zone Bitcoin has been trading in between $60,000 and $105,000, a range that has continued for about 7 months. Throughout the duration, the unsuccessful breakouts of Bitcoin cost acted as a sign of circulation. Bitcoin Technical Resistance and Market Behavior Bitcoin has just recently failed to hold above the $106,000 resistance zone. In the previous significant cycle, before the crash in 2021, the fundamentals of Bitcoin were great.