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Crypto users find themselves at risk following a report about a record data breach carried out against Apple, Facebook, and Google. This data breach puts users’ information in the hands of hackers who could use it to exploit users. The breach, which exposed more than 16 billion login credentials, has raised serious concerns about the
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The post Peter Brandt Dismisses Bitcoin Price Reversal Yet: Here is What to Watch Out for Ahead appeared first on Coinpedia Fintech News
Bitcoin (BTC) price teased above $86k for the first time, on Tuesday during the mid-New York session, since President Donald Trump announced the reciprocal tariffs earlier this month. The flagship coin reached a daily high of about $86,429 before retracing SFP around $85.6 at the time of this writing.
The meeting of U.S. President Donald Trump and El Salvador’s President Nayib Bukele sparked bullish sentiment for the wider crypto market. Moreover, the Trump administration is actively seeking ways to fund its strategic Bitcoin reserves, with some speculating funding from tariffs.
As Gold price continues to signal market strength amid declining Volatility S&P 500 Index (VIX), the Bitcoin adoption by whale investors has gained more traction. According to market data from Glassnode, the number of Bitcoin addresses holding between 1K–10K coins has risen from 1,944 on March 5 to 2,014 at the time of this writing.
The last time Bitcoin whales accumulated to this level was in April 2024, which resulted in a major bullish uproar in the subsequent weeks.
For the first time since January 2025, Bitcoin price, against the U.S. dollar, invalidated the daily logarithmic falling trend. As a result, the wider crypto market has experienced bullish sentiment, led by Solana (SOL) and Ripple Labs XRP.
However, Peter Brandt, a veteran trader, has dismissed Bitcoin price reversal yet.
“A trendline violation does NOT signify a transition of trend $BTC. Sorry,” Brandt noted.
According to Brandt, Bitcoin price has to consistently close above $88k to confirm a successful reversal of the year-to-date market correction.
Meanwhile, Brandt remains a proponent of combining bullish reversal patterns – including double bottom, inverse head and shoulders – with trendlines to predict the market.
The post Peter Brandt Dismisses Bitcoin Price Reversal Yet: Here is What to Watch Out for Ahead appeared first on Coinpedia Fintech News
Brandt believes that Bitcoin price is not yet out of the woods unless it consistently closes above $88k. The bullish sentiment from the United States has coincided with increased whale accumulation amid anticipated diplomatic solutions for the ongoing tariff trade wars. Bitcoin (BTC) price teased above $86k for the first time, on Tuesday during the …
In a confident tweet on Wednesday, Shiba Inu community advocate Lucie assured followers that the ecosystem is on the brink…
Solana-based meme coin FARTCOIN has emerged as the top-performing cryptocurrency in the market today, surging by 19% over the past 24 hours.
It trades at its highest level since January 30, marking a 12-week peak. With buying activity still underway, the meme coin seeks to extend its rally in the short term.
On the FARTCOIN/USD daily chart, bullish momentum continues to build. The token’s positive Balance of Power (BoP) indicator reflects a strong dominance of buyers in the market. At press time, this is at 0.69.
The BoP indicator measures the strength of buyers versus sellers in the market. When its value is positive, buyers are dominating and exerting more pressure than sellers.
Therefore, FARTCOIN’s rising positive BoP suggests increasing demand and the potential for continued upward price movement.
Furthermore, the bars forming FARTCOIN’s Elder-Ray Index have steadily increased in size over the past few days, highlighting a consistent rise in bullish pressure.
The Elder-Ray Index measures the strength of buyers (bull power) and sellers (bear power) by comparing an asset’s high and low prices to its exponential moving average (EMA). When its value is positive, bull power is dominant.
This growth suggests that FARTCOIN’s buyers are gaining greater control of the market, pushing prices higher with each passing session.
As of this writing, FARTCOIN trades at $1.06, just below the major resistance level of $1.16. If demand strengthens and the meme coin manages to flip this price level into a support floor, its rally would gain momentum, potentially pushing the price toward $1.46.
On the other hand, if profit-taking begins, this bullish outlook could be invalidated. In that scenario, FARTCOIN’s value may dip as low as $0.74.
If the bulls are unable to defend this support level, FARTCOIN’s price could fall further to a low of $0.19.
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