By CCN: According to prominent technical analysts including Peter Brandt and DonAlt, the bitcoin price is facing strong resistance at around $6,000 and is vulnerable to a correction in the short-term. “Just an opinion — there is a chance BTC is topping here, having met its price target at key resistance. A correction could occur before another move toward 6500, then a more significant correction,” Brandt said. Brandt’s forecast comes after the bitcoin price has surged by 10 percent within the past week against the U.S. dollar, demonstrating strong momentum.…
Tag: PanicDriven
Bitcoin Price Teeters on Brink of Brutal ‘Panic-Driven’ Crash
By CCN: According to prominent technical analysts including Peter Brandt and DonAlt, the bitcoin price is facing strong resistance at around $6,000 and is vulnerable to a correction in the short-term. “Just an opinion — there is a chance BTC is topping here, having met its price target at key resistance. A correction could occur before another move toward 6500, then a more significant correction,” Brandt said. Brandt’s forecast comes after the bitcoin price has surged by 10 percent within the past week against the U.S. dollar, demonstrating strong momentum.…