Peter Brandt says Bitcoin bottom is in, but prepare for a ‘chopfest’
The prop trader believes that, while Bitcoin has already bottomed, traders should brace themselves for a volatile fight to the next new all-time high.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The prop trader believes that, while Bitcoin has already bottomed, traders should brace themselves for a volatile fight to the next new all-time high.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Australia moves to close crypto derivatives loophole after retail traders lose A$458 million
Australia's markets regulator proposed extending retail leverage restrictions to crypto-settled derivatives amid mounting losses a...
Injective proposes fixed gas fees to make DeFi trading costs predictable
Injective's fixed gas fees could enhance DeFi trading efficiency, offering cost predictability and potentially attracting more hig...
Peter Schiff Surprised by Bitcoin’s Strength as Michael Saylor’s Strategy Boosts BTC Holdings to 848,250
Schiff continues to expect further declines, but Strategy’s latest purchases highlight the company’s commitment to Bitcoin as a lo...
Ethereum Price Prediction: ETH Bears Take Over in Latest Liquidation Bloodbath
Ethereum traded at $2,350, losing 6.5% of its market cap over 24 hours, after a liquidation-driven sell-off exposed how quickly le...
SEC Crypto: What do the Coinbase and MARA Binary Options Mean?
In SEC crypto news, the commission has reportedly approved standardized binary options that pay a predetermined cash amount if a s...
Babylon advances native Bitcoin lending proposal on Aave V4
Babylon’s proposal to bring native Bitcoin collateral to Aave V4 has entered a new governance stage, but further votes and securit...