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Peter Brandt Shares Bearish Bitcoin Chart as BTC Price Stalls

Peter Brandt Shares Bearish Bitcoin Chart as BTC Price Stalls

The post Peter Brandt Shares Bearish Bitcoin Chart as BTC Price Stalls appeared on BitcoinEthereumNews.com. Bitcoin price to drop below $70,000? Will Bitcoin recover in 2025? Veteran trader Peter Brandt remains cautious about Bitcoin’s outlook. In his latest post on X, he stated that the recent rally might be the only retest of the broadening top pattern that traders will get.  The formation, often called a megaphone pattern, is widely viewed in technical analysis as a warning sign that an uptrend could be approaching a bearish reversal. “This week’s rally may be all the retesting of the broadening top we will see. Of course, we will see,” the seasoned trader wrote.  Bitcoin price to drop below $70,000? According to Brandt, Bitcoin failed to reach the upper boundary of its long-term price channel during this year’s advance. In earlier market cycles, the same kind of behavior often preceded a decline toward the lower boundary of the channel.  That area begins below $70,000 and stretches into the mid $45,000, which is why Brandt treats that entire region as a realistic target rather than a dramatic scenario. You Might Also Like Brandt assigned a 30% probability that Bitcoin had already topped in the current cycle. If the top comes in the second half of September, it could even be remembered as the “Brandt Top,” he said. The comment was made right at the time when Bitcoin (BTC) was trading at approximately $120,000. In late November, Peter Brandt revisited the chart with a hand-drawn “dead cat bounce” figure, which usually describes a temporary recovery within a broader bearish trend. The setup sees Bitcoin’s two-week drop from above $120,000 to the low $80,000s as a full five-wave correction, with nothing more than a basic rebound on the other side. Source: Peter Brandt/X The chart shows the same zone that traders have been stuck in for days: around $88,000 to $92,000. According…
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BitcoinEthereumNews2025/12/06 22:25
Bitcoin ETF Sees $88M Outflow Despite Reversing Course, Price To $80K Again?

Bitcoin ETF Sees $88M Outflow Despite Reversing Course, Price To $80K Again?

The post Bitcoin ETF Sees $88M Outflow Despite Reversing Course, Price To $80K Again? appeared on BitcoinEthereumNews.com. Key Insights The US Spot Bitcoin ETF outflow came in at $88 million this week, led by BlackRock’s IBIT. Analyst said that BTC USD price may slip to $80,000 if it falls below $87,000. The Bitcoin miners have booked profits as BTC price recovered to $94,000 earlier this week. The US Spot Bitcoin ETF has once again caught the eyes of traders with its latest inflow on December 5, suggesting renewed investor confidence. However, despite the influx on Friday, the weekly fund flow into the investment instrument was negative. This also came as BTC price recorded a slump to $84,000 this week, after recovering to $94,000. This volatile scenario has spooked traders, with many evaluating the potential reason behind the dip in BTC USD price. Although the negative fund flow into the US Spot Bitcoin ETF could be one of the factors, the outflow amount is not that significant. However, the continued selling from BlackRock’s IBIT might have fueled concerns among traders. In addition, the latest reports showed that the Bitcoin miners are also booking profits as BTC USD price recovered earlier this week. This might have also triggered the selling pressure in the market, forcing Bitcoin price to stay in the red. Bitcoin ETF Outflow Spooks Trader, Here’s All The surge of BTC USD price to $126k in early October has boosted the broader market sentiment, with many anticipating a continuing rally to at least $200k by year’s end. However, the crash from October 10, triggered by Trump’s tariff woes, has sparked intense debate over the future potential of the asset. Amid this, it appears that the institutions are also shifting focus from Bitcoin to the altcoin segment. For context, a flurry of altcoin ETFs received greenlight from the US regulators, and have continued to witness significant inflow from…
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BitcoinEthereumNews2025/12/06 22:12
Crypto market just wiped out $100 billion

Crypto market just wiped out $100 billion

The post Crypto market just wiped out $100 billion  appeared on BitcoinEthereumNews.com. The cryptocurrency market continues to witness volatility, with notable capital outflows invalidating the recent bullish momentum. To this end, the global market shed roughly $100 billion in the past 24 hours, with total capitalization falling from about $3.15 trillion to $3.05 trillion as a wave of liquidation pressure and weakening investor appetite triggered a broad downturn. Total crypto market cap 30-day chart. Source: CoinMarketCap The pullback was led by Bitcoin (BTC), which slipped below $90,000 this week after failing to hold the $94,000–$95,000 range. The move marks its second major breakdown this month and erased gains from earlier recovery attempts. As of press time, Bitcoin dropped 1.77% to $89,614, Ethereum (ETH) fell 3.14% to $3,031, and BNB dipped 0.93% to $884.76. XRP slid 1.75% to $2.03, while Solana (SOL) recorded one of the steepest declines, falling 2.91% to $132.81. Top cryptocurrencies’ performance. Source: Finbold Why crypto market is tumbling  The overall market decline was driven primarily by a cascade of forced liquidations. Nearly $500 million in leveraged positions were wiped out across major exchanges, including roughly $420 million in longs. More than 140,000 traders were liquidated within a single day, accelerating the downturn. Weaker ETF demand added to the pressure with BlackRock’s iShares Bitcoin Trust having now logged six consecutive weeks of outflows totaling more than $2.8 billion, while overall US spot Bitcoin ETF inflows dropped to just $59 million on December 3, signaling softening institutional interest at a critical moment. At the same time, macro conditions deepened the volatility. The Bank of Japan hinted at a possible rate hike, a shift that threatens carry-trade liquidity supporting global risk assets. Additionally, traders moved to reduce exposure ahead of the latest US PCE inflation report, keeping Bitcoin locked in a cautious $91,000–$95,000 range before the sell-off intensified. Although the PCE data…
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BitcoinEthereumNews2025/12/06 22:09