#atr

The post Bitcoin Bottom Unconfirmed as Peter Brandt Flags Bear Channel appeared on BitcoinEthereumNews.com. Key Takeaways Brandt said bitcoin has not completed a recognizable bottom after its latest rebound. Technical resistance near the bear channel keeps attention on the $79,145 trigger. Additional downside pressure could shift focus toward the channel midpoint, then its lower boundary. Bitcoin Recovery Faces Pressure Inside Bear Channel Veteran trader Peter Brandt warned that bitcoin has not completed a recognizable bottom, pointing to BTC’s possible bear channel from the February low. His accompanying chart showed bitcoin trading near the upper boundary, where the recovery appeared to meet resistance without confirming a reversal. His post on social media platform X on May 13 centered on technical positioning rather than market sentiment and suggested the rebound remains incomplete. Brandt’s post suggests he is not calling a full bear market. Instead, he argued that bitcoin has not

Peter Brandt warned that bitcoin has not formed a recognizable bottom, citing a possible bear channel from the February low. His key trigger is an ATR close below $79,145, which he said could signal renewed downside. Bitcoin Recovery Faces Pressure Inside Bear Channel Veteran trader Peter Brandt warned that bitcoin has not completed a recognizable […]