Legendary Trader Peter Brandt Issues Crypto Alerts, Warns Bitcoin (BTC), XRP Flashing Bearish Signals

Veteran trader Peter Brandt is warning that Bitcoin (BTC) and XRP are both flashing signals hinting at a sell-off event.

The legendary trader tells his 807,800 followers on X that Bitcoin is at risk of printing a market top after failing to breach resistance at $117,000.

According to Brandt, BTC bulls must flip the resistance level into support or Bitcoin risks flashing a double-top pattern, a technical structure that could mark the end of the bull market.

“BTC needs to get back above $117,570 to discount the past seven weeks as a possible double top. Hey trolls, this post does not mean I am bearish or bullish. Most of you trolls need to know this because you are unable to understand nuance on your own.”

Source: Peter Brandt/X

At time of writing, Bitcoin is trading for $108,860.

Looking at XRP, Brandt warns that the altcoin appears to be on the verge of violating the diagonal...

1.62K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.