Veteran trader Peter Brandt, bless his heart, has graced us with his
assessment of Bitcoin (BTC), that digital darling we all pretend to
understand. In his signature style, which I like to call “brutally
honest bordering on mildly insulting,” Brandt declares BTC to be an asset
in a box. 📦 How profound. How…original.
Peter Brandt: Bitcoin Trapped in Tight Range (Like My Jeans After Thanksgiving)
In a post on X, because where else would a legendary trader impart such
wisdom, he referenced Malvina Reynolds’ song ‘Little Boxes.’ You know, the
one about cookie-cutter houses. For those of you who were too busy
binge-watching reality TV to learn about 1960s social commentary, the song
is about cheap, poorly made houses. 🏚️ Charming.
Brandt, in his infinite wisdom, draws a parallel between these flimsy
dwellings and Bitcoin’s recent price movements. Apparently, BTC has been
stuck in a repetitive, uninspiring pattern. It’s like watching paint dry,
but with more zeros and less actual paint. 😴
For the past month, Bitcoin has been bouncing between $75,000 and $88,000,
unable to break the $90,000 barrier. Even with all the exciting things
happening in the world of finance, Bitcoin just sits there, stubbornly
refusing to do anything interesting. 🙄
Little boxes on the hillside
Little boxes, made of ticky-tacky $BTC— Peter Brandt (@PeterLBrandt) April 17, 2025
This lack of, shall we say, *oomph*, has understandably caused some concern
among investors. You know, the people who thought they were buying a
one-way ticket to the moon. 🚀
Brandt’s chart, which I’m sure is filled with all sorts of complicated
lines and squiggles, reveals that Bitcoin is trapped in a tight
consolidation zone. Apparently, this is a bearish signal. Which, if I
understand correctly, means the price could go down. Or maybe it will go
up. Who knows? 🤷
So, to sum it up, Brandt is telling us that Bitcoin is trading in a boring,
predictable pattern. Thanks, Peter. We couldn’t have figured that out on
our own.
Market confidence wanes amid bearish signals (and general ennui)
It’s been a while since Bitcoin could breach the $100,000 mark. The coin
has faced rejections in its attempt to flip the resistance. Is it me, or
does that sound like a terrible dating profile? 💔
Bitcoin is currently trading about 23% lower than its last all-time high.
As of now, the Bitcoin price is changing hands at $84,420.20, representing
a slight decline in the last 24 hours. Which, in Bitcoin terms, is
practically a rounding error.
Investors remain uninspired as trading volume is also down. The caution
extends to institutional players as a significant outflow occurred in
Bitcoin exchange-traded funds (ETFs). Basically, everyone is bored and
taking their money elsewhere. Can’t say I blame them. 🚶♀️
Read More
- Jellyrolls Exits Disney’s Boardwalk: Another Icon Bites the Dust?
- Carmen Baldwin: My Parents? Just Folks in Z and Y
- Jelly Roll’s 120-Lb. Weight Loss Leads to Unexpected Body Changes
- OM PREDICTION. OM cryptocurrency
- Moo Deng’s Adorable Encounter with White Lotus Stars Will Melt Your Heart!
- 1923 Sets Up MASSIVE Yellowstone Crossover
- Lisa Rinna’s RHOBH Return: What She Really Said About Coming Back
- Leslie Bibb Reveals Shocking Truth About Sam Rockwell’s White Lotus Role!
- Despite Strong Criticism, Days Gone PS5 Is Climbing Up the PS Store Pre-Order Charts
- Netflix’s Dungeons & Dragons Series: A Journey into the Forgotten Realms!
2025-04-17 19:03