.PeterLBrandt Bitcoin: interesting BTC price movement caught by veteran trader Peter Brandt $BTC
The veteran trader's comments might suggest a balance between bulls and bears, as he points to a price equilibrium. The current price range represents a"hinge," which marks crucial price levels that further advancements or declines depend on.
Meanwhile, as technical factors play out, IntoTheBlock has reported that negative sentiment on Twitter around Bitcoin is reaching new highs. It states the significance of this: historically, big peaks have taken place shortly before or after price bottoms. Also, as indicated by on-chain analytics firm Santiment, Bitcoin's exchange supply has fallen to its lowest level since February 2018. It was noted that traders continued moving BTC into self-custody during the uncertainty surrounding Binance and Coinbase, expecting this trend to continue if lawsuits remain." believes that the Bitcoin falling wedge pattern remains in play.
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