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: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • 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: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Veteran Crypto Trader Says Bitcoin Is Forming A ‘Three Blind Mice’ Pattern, What Does This Mean?

Scott Matherson
Scott Matherson
11 months ago
3 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.

Veteran crypto trader Peter Brandt has stated that Bitcoin (BTC) is forming a ‘three blind mice’ pattern without confirming whether this is bullish or bearish for the flagship crypto. His statement has got the crypto community searching for answers as to what this pattern might mean for BTC. 

Veteran Crypto Trader Says Bitcoin Has Formed ‘Three Blind Mice Pattern’

Peter Brandt stated in an X post that Bitcoin had formed the infamous “Three Blind Mice and a Piece of Cheese” trading pattern. However, the veteran trader didn’t provide more insights as to what he meant by this pattern. His accompanying chart suggested that this might be bearish for BTC as the last candlesticks that formed on the chart hinted at a downtrend. 

Related Reading

Dogecoin

Dogecoin At $10 Thesis: What Each Breakout Cycle Says About The DOGE Price

11 months ago
Bitcoin 1
Source: X

The ‘Three Blind Mice’ pattern is said to appear after an uptrend in the market, indicating a bearish reversal. This means that the bears now have the upper hand in the market, and Bitcoin is likely to suffer more downward pressure. Indeed, this looks to be Bitcoin’s current price action considering the crypto’s retracement since it climbed above $65,000 last week. 

Bitcoin rose above $65,000 as it headed for its best monthly close in September since 2013. However, since October began, the flagship crypto has witnessed a significant price correction, suggesting that it might once again be in bearish territory. BTC has yet to lose its critical support at $60,000, which has provided some comfort to the Bulls. 

Bitcoin’s price correction has been primarily due to the rising tensions in the Middle East, with the escalation of the conflict between Israel and Iran. The flagship crypto retested the $60,000 support level following Iran’s missile strike on Israel. 

Meanwhile, Peter Brandt’s earlier X post suggests that the veteran trader is currently bearish on Bitcoin’s trajectory. He stated that the recent BTC rally didn’t disturb the “7-month sequence of lower highs and lower lows.” He added that only a close above $71,000, confirmed by a new all-time high (ATH), will indicate that the trend from the November 22 low remains in force. 

 

BTC 2
Source: X

Bitcoin Could Drop To As Low As $52,000

Crypto analyst Ali Martinez has also predicted that Bitcoin could drop to as low as $52,000. He stated that this would happen if the governing pattern behind the recent price action were a descending parallel channel. Analyst Justin Bennett also provided a bearish outlook for BTC, stating that a case can be made for the flagship crypto dropping to $51,000.  

Related Reading

XLM Price (Stellar) Surges Along XRP

Still Holding Your Hamster Kombat Tokens? You Might Be In For A Nice Surprise Soon

11 months ago
Bitcoin 3
Source: X

However, he added that he isn’t certain of the drop to $51,000 right now. What he is more certain of is Bitcoin dropping to $57,000, having reached his first target of $60,000. He also warned Bitcoin investors about any relief rally that the flagship crypto might enjoy while stating that the failure at $64,700 has opened up sell-side liquidity.

BTC 4
Source: X

At the time of writing, Bitcoin is trading at around $61,000, down in the last 24 hours, according to data from CoinMarketCap. 

Bitcoin price chart from Tradingview.com
BTC price drops to $60,000 | Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Tweet123Share196ShareSend
Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

Close

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

Bitcoin

Analyst Unveils 3-Month Prediction For Bitcoin, XRP, And Dogecoin – It’s Very Bullish

A pseudonymous crypto analyst, known as Borovik on X, has released a bold set of three-month predictions for some of...

Scott Matherson 6 hours ago
XRP

XRP’s Silent Build-Up: A ‘Detonation’ May Be Next, Analyst Says

According to recent chart work and on-chain checks, some XRP backers say the token may be gearing up for another...

Christian Encila 8 hours ago
Coinbase Reserves Hit $112B: Highest Level Since 2021 Market Peak

Coinbase Reserves Hit $112B: Highest Level Since 2021 Market Peak

Coinbase has reached a new milestone, with Coinbase Advance’s total USD reserves climbing to $112 billion, the highest level since...

Sebastian Villafuerte 9 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

Bitcoin price news

Expert Who Nailed The 2024 Bitcoin Top Issues New Call For $208,000 BTC

Jake Simmons 1 hour ago
Metamask

MetaMask’s Long-Rumored Token May Arrive ‘Sooner Than Expected’, CEO Says

Christian Encila 4 hours ago
FTX

FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Ronaldo Marquez 5 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後 の価格予測:ETF発足で新たな成長ステージへ

    ドージコイン 今後...

    11 hours ago
  • リップル 今後の価格予測:現物ETF効果で4ドル到達を狙うXRP

    リップル...

    12 hours ago
  • 仮想通貨プレセール:専門家が次の有望ミームコイン候補を予測

    ...

    12 hours ago
  • 仮想通貨おすすめ:次のブルランでシバイヌを超える成長候補の4トークン

    ...

    12 hours ago
  • 新しい仮想通貨トレーディングボット、エコシステム大型アップグレード前にICOで400万ドル突破目前

    ...

    12 hours 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.