NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Multi-Decade Trader Thinks Bitcoin Is About to Flash a “Big Buy” Signal

Nick Chong
Nick Chong
1 year ago
2 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin moved substantially higher on Thursday after consolidating in a tight range for many days. The cryptocurrency rallied from approximately $10,600 to daily highs just a smidge shy of $10,000. The rally represented one of the cryptocurrency’s largest moves higher in many weeks.

Bitcoin currently trades at $10,900 as of this article’s writing as bulls attempt to retake the $11,000 resistance level. $11,000 is an important level for Bitcoin as it has acted as a point at which multiple rallies have stopped since the start of September.

Despite the resistance that BTC faces, Peter Brandt, a long-time investor, is not worried. He recently said on Twitter that Bitcoin is on the verge of printing a “big buy signal.”

Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After Uniswap Launch

Bitcoin Could Flash a Large Buy Signal: Peter Brandt

Bitcoin has found itself in a tight consolidation between $10,000 and $11,000 over the past few weeks. The cryptocurrency has barely deviated from these levels over this time period.

The coin may be primed to move even higher, though, according to Peter Brandt. Brandt is a futures and foreign exchange trader that has been working in the business since 1975. He has developed a name for himself in the cryptocurrency space, becoming one of the first notable traditional finance investors to dive into Bitcoin and crypto-assets.

He shared the chart below on October 8th, writing that Bitcoin is primed to form a “big buy signal” on its daily and weekly charts. The chart is somewhat vague in that there is no target or granular analysis, but it does show that BTC is currently trading above the upper bound of a macro pennant pattern. Should the coin hold that level, it is in a bullish state.

Image

Chart of BTC's macro price action with analysis by Peter Brandt (@Peterlbrandt on Twitter).
Related Reading: MicroStrategy’s Stock Continues to Soar After BTC Purchase

Fundamentals For This Space Still Positive

The fundamentals of the crypto market are extremely positive despite uncertainties about price action in the near term, analysts have said.

Brandt himself mentioned that Square buying $50 million worth of the leading cryptocurrency is a “major development.” Many in the industry are optimistic that Square’s move to adopt BTC as an investable asset for its treasury will entice other companies to do so, driving up the price of Bitcoin and the adoption of this nascent technology.

Related Reading: MicroStrategy’s Stock Continues to Soar After BTC Purchase
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Multi-Decade Trader Thinks Bitcoin Is About to Flash a "Big Buy" Signal
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Outflow Signals Strength: 56,000 ETH Pulled From Exchanges

The steady appreciation in the Ethereum price continues to mirror how resilient the cryptocurrency has become in the market. Despite...

Opeyemi Sule 9 hours ago
Crypto airdrop season begonnen - belangrijkste ETH airdrops van 2025 onthuld

Crypto airdrop season begonnen – belangrijkste ETH airdrops van 2025 onthuld

De Ethereum community staat dit najaar in het teken van een nieuw signaal voor een crypto bull run: het crypto...

Lars Diederiksen 12 hours ago
Bitcoin

Analyst Says Bitcoin Is A Strong Buy If It Overcomes $118K — Here’s Why

The price of Bitcoin has struggled to capitalize on its recent bullish momentum, oscillating in and around the $116,000 level...

Opeyemi Sule 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum’s MVRV Hits 1.97 — Can Bulls Hold Their Ground?

Semilore Faleti 7 minutes ago
Dogecoin stijgt ondanks ETF uitstel – institutionele vraag groeit exponentieel

Dogecoin stijgt ondanks ETF uitstel – institutionele vraag groeit exponentieel

Lars Diederiksen 3 hours ago
Solana

Solana (SOL) Bulls Complete Bullish Breakout — Eye $360 Mid-Term Target

Semilore Faleti 4 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の展望:ビットコイン提携とETF開始で次の暗号資産の巨人となるか

    ドージコイン...

    1 day ago
  • 鯨が一晩で4,000万XRPを売却、リップル 今後は3ドルのサポートを維持できるか

    鯨が一晩で4,000万XRPを売却、リップル...

    1 day ago
  • 暗号資産トレジャリーの苦境とQ4に狙う仮想通貨プレセール

    ...

    1 day ago
  • 10月に上昇が期待される仮想通貨おすすめ6選

    ...

    1 day ago
  • 新しい仮想通貨が投資家を最速で億万長者に導く ― 既存の「買うべき仮想通貨」を超えて

    ...

    1 day ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.