Sunday, October 1, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Altcoin News

Veteran Analyst Who Called 2018 Bitcoin (BTC) Meltdown Analyzes Path Ahead After ‘Puke-Out Capitulation’

by ethozedge
May 13, 2022
in Altcoin News
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


Veteran trader Peter Brandt says that Bitcoin (BTC) could be on the verge of ending the downward trend that started nearly a year ago.

Brandt tells his 641,400 Twitter followers the sharp rise in Bitcoin trading volumes as the flagship cryptocurrency falls below $30,000 could suggest the “beginning of the end” of the bearish cycle.

“This is the type of volume spike that can indicate puke-out capitulation and the beginning of the end of the one-year decline. Can the carnage continue? Anything is possible – and that includes a local bottom. I’ve mentioned the $27,000 area as a possible low, and that could be.”

Source: PeterLBrandt/Twitter

Bitcoin is trading at $28,284 at time of writing.

In reaction to the price collapse of Terra (LUNA), a blockchain protocol focusing on issuing algorithmic stablecoins, the veteran trader says that the “distrust” generated by Terra’s crash could negatively impact Bitcoin.

“This decline is just plain Lunatic. LUNA

I have spoken openly about my distrust of altcoins and that crypto is Bitcoin and Bitcoin is crypto.

The problem is that distrust in that which is distrustful can spill over into that which is trustworthy (Bitcoin).”

Source: PeterLBrandt/Twitter

Terra is trading at $0.037 at time of writing, a drop of approximately 99.9% from the all-time high of $119 reached in early April.

Brandt also says that he views non-fungible tokens (NFTs) in the same vein as other overhyped and overvalued physical assets of the past.

“I personally equate much of the NFT market with Beanie Babies and Pet Rocks.”

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Agor2012





Source link

Tags: AheadAnalystAnalyzesBitcoinbitcoin newsBTCCalledCapitulationcrypto analysiscrypto newsEthoz EdgeLatest bitcoin newslatest crypto newsMeltdownPathPukeOutVeteran
Share76Tweet47

Related Posts

Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

by ethozedge
September 30, 2023
0

A popular cryptocurrency trader believes that one mid-cap altcoin project is showing high growth potential. Pseudonymous crypto analyst Altcoin Sherpa...

Top-35 Altcoin Ignores Crypto Market Doldrums and Surges by Nearly 45% in the Past Month Amid Spike in Activity

by ethozedge
September 30, 2023
0

A top-35 altcoin has jumped by nearly 45% in the past month, dramatically outpacing most of a middling crypto market....

ECC Transparency Report for Q1 2023

by ethozedge
September 29, 2023
0

Why release a transparency report? Electric Coin Co. is committed to openness and transparency — as we help evolve and...

Solana Price Outlook Amid Cautious Optimism

by ethozedge
September 29, 2023
0

Solana price has been struggling to break above the key resistance level of $21.10 over the past few days. Earlier...

Bitcoin Could Erupt Once This Surging Asset ‘Settles Down’, According to Crypto Analytics Firm Santiment

by ethozedge
September 29, 2023
0

The flagship crypto asset could surge depending on what one major macro indicator does next, according to analytics platform Santiment....

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

SEC Drops Bombshell: Terra Founder Do Kwon Chat History Leaked

September 30, 2023

FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

September 30, 2023

Google Cloud Joins Polygon as Validator

September 30, 2023

Bitcoin Payment Service BTCPay Server Now Easier to Integrate with React Apps

September 30, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,001.000.26%
  • ethereumEthereum(ETH)$1,674.500.27%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$214.91-0.27%
  • rippleXRP(XRP)$0.52-0.22%
  • usd-coinUSDC(USDC)$1.000.09%
  • staked-etherLido Staked Ether(STETH)$1,674.560.24%
  • cardanoCardano(ADA)$0.2548201.89%
  • solanaSolana(SOL)$21.334.79%
  • dogecoinDogecoin(DOGE)$0.062038-0.20%
  • tronTRON(TRX)$0.088646-0.30%
  • ToncoinToncoin(TON)$2.11-2.04%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.020.37%
  • polkadotPolkadot(DOT)$4.120.96%
  • matic-networkPolygon(MATIC)$0.541.56%
  • litecoinLitecoin(LTC)$66.130.84%
  • bitcoin-cashBitcoin Cash(BCH)$237.641.14%
  • chainlinkChainlink(LINK)$8.243.09%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,941.000.10%
  • shiba-inuShiba Inu(SHIB)$0.0000070.06%
  • daiDai(DAI)$1.000.04%
  • true-usdTrueUSD(TUSD)$1.000.07%
  • leo-tokenLEO Token(LEO)$3.680.35%
  • uniswapUniswap(UNI)$4.481.42%
  • avalanche-2Avalanche(AVAX)$9.291.29%
  • stellarStellar(XLM)$0.1127851.23%
  • moneroMonero(XMR)$146.03-0.38%
  • okbOKB(OKB)$43.060.11%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • ethereum-classicEthereum Classic(ETC)$16.383.36%
  • binance-usdBUSD(BUSD)$1.000.01%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • cosmosCosmos Hub(ATOM)$7.251.94%
  • hedera-hashgraphHedera(HBAR)$0.0498270.46%
  • filecoinFilecoin(FIL)$3.360.71%
  • lido-daoLido DAO(LDO)$1.713.29%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • internet-computerInternet Computer(ICP)$3.171.22%
  • makerMaker(MKR)$1,540.016.28%
  • crypto-com-chainCronos(CRO)$0.0508290.20%
  • quant-networkQuant(QNT)$90.52-0.06%
  • AptosAptos(APT)$5.481.97%
  • MantleMantle(MNT)$0.4001440.26%
  • vechainVeChain(VET)$0.0174151.67%
  • ArbitrumArbitrum(ARB)$0.910.37%
  • nearNEAR Protocol(NEAR)$1.130.85%
  • optimismOptimism(OP)$1.351.37%
  • KaspaKaspa(KAS)$0.0490792.54%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • aaveAave(AAVE)$67.491.59%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,816.320.21%
  • BitDAOBitDAO(BIT)$0.592.96%
  • the-graphThe Graph(GRT)$0.0898933.17%
  • algorandAlgorand(ALGO)$0.1039171.58%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.16-0.59%
  • xdce-crowd-saleXDC Network(XDC)$0.0537238.30%
  • usddUSDD(USDD)$1.000.04%
  • immutable-xImmutableX(IMX)$0.591.52%
  • havvenSynthetix Network(SNX)$2.091.31%
  • blockstackStacks(STX)$0.4797451.22%
  • fraxFrax(FRAX)$1.00-0.12%
  • elrond-erd-2MultiversX(EGLD)$25.360.67%
  • eosEOS(EOS)$0.580.84%
  • theta-tokenTheta Network(THETA)$0.65-0.04%
  • tezosTezos(XTZ)$0.680.22%
  • injective-protocolInjective(INJ)$7.721.31%
  • sapphireSapphire(SAPP)$0.7035.32%
  • the-sandboxThe Sandbox(SAND)$0.311679-0.99%
  • Bitget TokenBitget Token(BGB)$0.451901-0.21%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • bitcoin-cash-svBitcoin SV(BSV)$31.681.24%
  • axie-infinityAxie Infinity(AXS)$4.600.09%
  • radixRadix(XRD)$0.057162-0.93%
  • thorchainTHORChain(RUNE)$1.93-3.80%
  • render-tokenRender(RNDR)$1.550.69%
  • decentralandDecentraland(MANA)$0.309117-1.31%
  • fantomFantom(FTM)$0.2013472.64%
  • neoNEO(NEO)$7.370.05%
  • gatechain-tokenGate(GT)$3.750.04%
  • kavaKava(KAVA)$0.630.46%
  • marumaruNFTmarumaruNFT(MARU)$0.25242622.62%
  • paxos-standardPax Dollar(USDP)$1.000.05%
  • ecasheCash(XEC)$0.0000250.31%
  • compound-ethercETH(CETH)$33.640.15%
  • flowFlow(FLOW)$0.4582340.63%
  • pax-goldPAX Gold(PAXG)$1,866.630.04%
  • apecoinApeCoin(APE)$1.262.81%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • tether-goldTether Gold(XAUT)$1,852.120.15%
  • curve-dao-tokenCurve DAO(CRV)$0.52-0.30%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • convex-crvConvex CRV(CVXCRV)$1.47183.77%
  • Frax EtherFrax Ether(FRXETH)$1,672.290.30%
  • kucoin-sharesKuCoin(KCS)$4.580.63%
  • rocket-poolRocket Pool(RPL)$22.011.15%
  • chilizChiliz(CHZ)$0.0616152.94%
  • iotaIOTA(MIOTA)$0.151735-0.23%
  • frax-shareFrax Share(FXS)$5.51-4.08%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.10%
  • Rollbit CoinRollbit Coin(RLB)$0.1237454.45%
  • Tokenize XchangeTokenize Xchange(TKX)$4.93-0.13%
  • galaGALA(GALA)$0.014427-0.62%
  • huobi-tokenHuobi(HT)$2.38-1.30%
  • mina-protocolMina Protocol(MINA)$0.3820751.19%
  • SuiSui(SUI)$0.466674-3.06%
  • bittorrentBitTorrent(BTT)$0.000000-0.08%
  • gmxGMX(GMX)$40.785.23%
  • klay-tokenKlaytn(KLAY)$0.1157340.68%
  • terra-lunaTerra Luna Classic(LUNC)$0.0000631.18%
  • casper-networkCasper Network(CSPR)$0.031482-1.21%
  • DogechainDogechain(DC)$0.001787-24.98%
  • WEMIXWEMIX(WEMIX)$1.096.79%
  • dydxdYdX(DYDX)$1.970.70%
  • Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH(CBETH)$1,756.970.46%
  • PepePepe(PEPE)$0.0000010.35%
  • apenftAPENFT(NFT)$0.000000-0.21%
  • trust-wallet-tokenTrust Wallet(TWT)$0.78-0.41%
  • Nexus MutualNexus Mutual(NXM)$47.980.22%
  • Staked Frax EtherStaked Frax Ether(SFRXETH)$1,768.410.14%
  • compound-governance-tokenCompound(COMP)$46.57-2.79%
  • dashDash(DASH)$27.851.55%
  • nexoNEXO(NEXO)$0.582.58%
  • woo-networkWOO Network(WOO)$0.1732830.60%
  • zilliqaZilliqa(ZIL)$0.0177151.18%
  • CyberHarborCyberHarbor(CHT)$10.12-49.84%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.05%
  • arweaveArweave(AR)$4.260.70%
  • 1inch1inch(1INCH)$0.2701501.52%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.05%
  • Shib Original VisionShib Original Vision(SOV)$0.00000012.40%
  • conflux-tokenConflux(CFX)$0.128269-2.96%
  • basic-attention-tokenBasic Attention(BAT)$0.1801382.19%
  • pancakeswap-tokenPancakeSwap(CAKE)$1.17-0.05%
  • gnosisGnosis(GNO)$102.110.36%
  • FlareFlare(FLR)$0.0109290.11%
  • AstarAstar(ASTR)$0.049116-0.90%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • liquity-usdLiquity USD(LUSD)$0.990.05%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • convex-financeConvex Finance(CVX)$3.11-0.27%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • Utility Web3ShotUtility Web3Shot(UW3S)$0.4725710.00%
  • flex-coinFLEX Coin(FLEX)$2.48357.01%
  • huobi-btcHuobi BTC(HBTC)$26,772.00-0.83%
  • nemNEM(XEM)$0.0264870.99%
  • SafePalSafePal(SFP)$0.570.67%
  • fetch-aiFetch.ai(FET)$0.2249362.19%
  • qtumQtum(QTUM)$2.240.71%
  • illuviumIlluvium(ILV)$39.86-1.39%
  • oec-tokenOKT Chain(OKT)$13.05-0.96%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • celoCelo(CELO)$0.4525650.28%
  • compound-usd-coincUSDC(CUSDC)$0.0230820.04%
  • bitcoin-goldBitcoin Gold(BTG)$13.190.41%
  • chiaChia(XCH)$26.82-0.09%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • tomiNettomiNet(TOMI)$3.081.06%
  • escoin-tokenEscoin(ELG)$2.720.64%
  • singularitynetSingularityNET(AGIX)$0.1853070.14%
  • mx-tokenMX(MX)$2.26-1.35%
  • ecomiECOMI(OMI)$0.0008361.45%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • loopringLoopring(LRC)$0.1808762.41%
  • enjincoinEnjin Coin(ENJ)$0.2250090.90%
  • compound-usdtcUSDT(CUSDT)$0.0190980.00%
  • DeFiChainDeFiChain(DFI)$0.297166-0.11%
  • WorldcoinWorldcoin(WLD)$1.69-3.94%
  • justJUST(JST)$0.024803-8.02%
  • mask-networkMask Network(MASK)$2.701.41%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • tether-eurtEuro Tether(EURT)$1.06-0.23%
  • SeiSei(SEI)$0.1207640.73%
  • theta-fuelTheta Fuel(TFUEL)$0.034079-0.49%
  • decredDecred(DCR)$13.720.44%
  • zcashZcash(ZEC)$26.950.82%
  • heliumHelium(HNT)$1.47-0.85%
  • oasis-networkOasis Network(ROSE)$0.041726-1.52%
  • ethereum-name-serviceEthereum Name Service(ENS)$8.045.61%
  • Access ProtocolAccess Protocol(ACS)$0.002065-3.42%
  • Bone ShibaSwapBone ShibaSwap(BONE)$0.831.42%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • aragonAragon(ANT)$5.060.49%
  • ankrAnkr Network(ANKR)$0.0201111.86%
  • telosTelos(TLOS)$0.76-4.60%
  • CoinmetroCoinmetro(XCM)$0.66506.72%
  • olympusOlympus(OHM)$11.460.94%
  • Aleph ZeroAleph Zero(AZERO)$0.81-0.20%
  • osmosisOsmosis(OSMO)$0.3126980.45%
  • stepnSTEPN(GMT)$0.1593680.32%
  • SifchainSifchain(EROWAN)$0.154725-4.65%
  • terra-luna-2Terra(LUNA)$0.481628-0.57%
  • golemGolem(GLM)$0.1861043.30%
  • FLOKIFLOKI(FLOKI)$0.00001912.09%
  • FUBT TokenFUBT Token(FUC)$2.09-1.05%
  • holotokenHolo(HOT)$0.001037-0.51%
  • BolideBolide(BLID)$0.029333-6.99%
  • ravencoinRavencoin(RVN)$0.0153040.52%
  • DEIDEI(DEI)$1.000.13%