DeFI News by Thebittimes.Com

Veteran trader Peter Brandt is warning that a bearish signal is flashing for Bitcoin, indicating that BTC might head to much lower prices. Brandt tells his 763,600 followers on the social media platform X that Bitcoin may be forming a bearish reversal pattern on the daily chart that could lead to a dip into the $70,000 range. “Hey trolls, this is not a prediction. Just always pointing out possibilities, not probabilities, not certainties. No screenshot is necessary. BTC right-angled broadening triangle could project back into the $70,000s and a test of the parabolic modality.” Source: Peter Brandt/X Looking at the trader’s chart, he seems to predict that BTC may drop to as low as $76,614 if it shatters support at around $90,000. Bitcoin is trading for $97,201 at time of writing, up fractionally in the last 24 hours. Brandt is also warning that Ethereum (ETH) rival Cardano (ADA) may be printing a head and shoulders pattern on the daily time fra...

On Thanksgiving evening, the prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki, shared his thoughts about why the debate between those favoring Bitcoin (BTC) and those favoring gold is little more than a smokescreen. WHO CARES? I watch in amusement as so called “experts” debate Gold vs Bitcoin. I was fortunate enough to realized “We The People” were being “F’d” by our own government in 1965. Specifically, he said he finds much amusement in high-level arguments on the merits – or lack thereof – among scholars and those at the helm of institutions such as the U.S. Treasury. Picks for you Ethereum Rainbow chart predicts ETH price for Jan 1, 2025 19 hours ago Khabib ‘suppor...

The Bitcoin supply at the exchanges has dropped to a 6-year low. Only a small portion, about 5.8%, of the total Bitcoin supply is currently held on exchanges. This marks the lowest level for the top cryptocurrency by market cap since December 17, 2017. Furthermore, there are consistent instances of significant whale transactions involving $BTC, averaging around 57.4K per week, reports Santiment. advertisement Courtesy: Santiment As Exchange Reserves decrease during a market downturn, it suggests that investors are opting to hold onto their assets for potential future profits instead of selling. If this trend continues, it could lead to a substantial price increase for Bitcoin when favorable macroeconomic factors and a positive global crypto market sentiment return. Another positive indicator is that Bitcoin whales have been accumulating recently after last week’s market crash. Since last week’s fall to $25,000, Bitcoin whales have accumulated over...