Veteran Crypto Trader Says Bitcoin Is Forming A ‘Three Blind Mice’ Pattern, What Does This Mean?

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Veteran Crypto Trader Says Bitcoin Is Forming A ‘Three Blind Mice’ Pattern, What Does This Mean? - NewsBTC

Quick Summary:

His statement has got the crypto community searching for answers as to what this pattern might mean for BTC. Veteran Crypto Trader Says Bitcoin Has Formed Three Blind Mice Pattern’ Peter Brandt stated in an X post that Bitcoin had formed the infamous "Three Blind Mice and a Piece of Cheese” trading pattern.

Veteran crypto trader Peter Brandt has stated that Bitcoin (BTC) is forming a three blind mice’ pattern without confirming whether this is bullish or bearish for the flagship crypto.

His accompanying chart suggested that this might be bearish for BTC as the last candlesticks that formed on the chart hinted at a downtrend. Related Reading: Dogecoin At $10 Thesis: What Each Breakout Cycle Says About The DOGE Price The Three Blind Mice’ pattern is said to appear after an uptrend in the market, indicating a bearish reversal.