Trading veteran Peter Brandt provides technical analysis on Bitcoin and Ethereum, anticipating potential price swings.

From Investing.com

August 21, 2024 09:30 AM:

Veteran trader Peter Brandt shared an update on Bitcoin (BTC) and Ethereum (ETH) showing technical formations. BTC has a “megaphone” pattern, indicating potential price swings before a breakout or breakdown. Brandt awaits a clear trend before making investment decisions, suggesting more volatility ahead. Regarding ETH, Brandt believes the altcoin needs to close above $3,050 to signal bullish strength. Brandt previously forecasted ETH at $1,641.

Read more at Investing.com: Trading Veteran Peter Brandt Drops Must-See Bitcoin Price Update By U.Today