Peter Brandt, Bitcoin break $71K for further rally

Quick Summary:

Peter Brandt: Bitcoin Must Break $71K to Sustain Bullish Rally Veteran trader Peter Brandt has weighed in on Bitcoin’s price action, stating that despite recent upward movement, the cryptocurrency has not yet reversed its bearish trend over the past seven months.

The crypto market, known for its volatility, is currently in a critical phase where traders are closely watching for signs of a definitive price breakout.

For many traders, breaking above $71,000 would confirm that Bitcoin has resumed its long-term uptrend, potentially attracting more institutional investors and fueling further price increases.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Peter Brandt Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 12:08:33 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 760 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22849293

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 18 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #121

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