coin-img-ETHETH-1.25%coin-img-BTCBTC-1.50%coin-img-SOLSOL-4.13%coin-img-FASTFAST+2,209.40%coin-img-LIBBYLIBBY-53.46%coin-img-XRPXRP-1.50%coin-img-USDCUSDC+0.02%coin-img-TONCOINTONCOIN-8.64%coin-img-ETHETH-1.25%coin-img-BTCBTC-1.50%coin-img-SOLSOL-4.13%coin-img-FASTFAST+2,209.40%coin-img-LIBBYLIBBY-53.46%coin-img-XRPXRP-1.50%coin-img-USDCUSDC+0.02%coin-img-TONCOINTONCOIN-8.64%coin-img-ETHETH-1.25%coin-img-BTCBTC-1.50%coin-img-SOLSOL-4.13%coin-img-FASTFAST+2,209.40%coin-img-LIBBYLIBBY-53.46%coin-img-XRPXRP-1.50%coin-img-USDCUSDC+0.02%coin-img-TONCOINTONCOIN-8.64%coin-img-ETHETH-1.25%coin-img-BTCBTC-1.50%coin-img-SOLSOL-4.13%coin-img-FASTFAST+2,209.40%coin-img-LIBBYLIBBY-53.46%coin-img-XRPXRP-1.50%coin-img-USDCUSDC+0.02%coin-img-TONCOINTONCOIN-8.64%
user-avatar
Gamza Khanzadaev

Peter Brandt says Bitcoin "NOT NOT NOT" bottomed as PPI hits 6% YoY

Veteran trader Peter Brandt argues Bitcoin has "NOT NOT NOT" formed a dependable bottom and says the current bounce is only a technical move inside a bearish corridor. U.S. producer inflation data showed PPI YoY rose to 6% versus a 4.8% forecast and Core PPI YoY reached 5.2%, adding macro pressure to his view. Brandt highlights BTC near $79,660 and flags $79,145 as a key daily-close level tied to ATR.
BTC
BTC-1.54%
SHIB
SHIB-2.33%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Technical Analysis