Seasoned trader Peter Brandt is bullish on Bitcoin (BTC) and two other cryptocurrencies: Ethereum (ETH) and Solana (SOL).
Bitcoin: Still in Consolidation, But Showing Strength
Brandt believes Bitcoin is still consolidating, meaning it’s trading within a range. However, he sees signs of strength. He shared a chart suggesting Bitcoin has broken above a resistance level. While Bitcoin needs to break above its all-time high of around $74,000 to be officially in a bull market, Brandt remains optimistic.
Ethereum: Breaking Out of a Bullish Pattern
Ethereum, according to Brandt, has broken out of a bullish reversal pattern known as an “inverted head and shoulders.” This pattern suggests that buyers are confident and are ready to push the price higher.
Solana: Taking a Break Before a Potential Surge
Brandt sees a “cup and handle” pattern forming on Solana’s chart. This pattern indicates that Solana might be taking a breather before continuing its upward trend.
Other Interesting Charts
Brandt also highlighted the charts of Silver and Bitcoin versus gold as being interesting.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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