The geopolitical tensions that emerged in the Middle East following Iran’s drone-and-missile attack on Israel sent cryptocurrencies into a tailspin over the weekend. Economist Peter Schiff, who is a crypto bear, on Sunday flagged the possibility of the sell-off worsening.
What Happened: “$60K is critical support for Bitcoin (CRYPTO: BTC),” said Schiff in a post on X, formerly Twitter. A decisive break below the level will likely complete a “formidable triple top,” he said.
A triple top is a bearish technical pattern where the price of a security forms three peaks at nearly the same level, which acts as a resistance level. After the third peak, if the security pulls back below the trough formed between the peaks, it could mark the beginning of …
Full story available on Benzinga.com
The geopolitical tensions that emerged in the Middle East following Iran’s drone-and-missile attack on Israel sent cryptocurrencies into a tailspin over the weekend. Economist Peter Schiff, who is a crypto bear, on Sunday flagged the possibility of the sell-off worsening.
What Happened: “$60K is critical support for Bitcoin (CRYPTO: BTC),” said Schiff in a post on X, formerly Twitter. A decisive break below the level will likely complete a “formidable triple top,” he said.
A triple top is a bearish technical pattern where the price of a security forms three peaks at nearly the same level, which acts as a resistance level. After the third peak, if the security pulls back below the trough formed between the peaks, it could mark the beginning of …
Full story available on Benzinga.com
The geopolitical tensions that emerged in the Middle East following Iran’s drone-and-missile attack on Israel sent cryptocurrencies into a tailspin over the weekend. Economist Peter Schiff, who is a crypto bear, on Sunday flagged the possibility of the sell-off worsening.
What Happened: “$60K is critical support for Bitcoin (CRYPTO: BTC),” said Schiff in a post on X, formerly Twitter. A decisive break below the level will likely complete a “formidable triple top,” he said.
A triple top is a bearish technical pattern where the price of a security forms three peaks at nearly the same level, which acts as a resistance level. After the third peak, if the security pulls back below the trough formed between the peaks, it could mark the beginning of …Full story available on Benzinga.com Read More$BTC, Analyst Color, Cryptocurrency, Expert Ideas, Israel-Iran conflict, MSTR, News, Peter Schiff, Stories That Matter, Markets, Trading Ideas, MSTR, US5949724083, $BTC, News, Analyst Color, Cryptocurrency, Markets, Trading Ideas, Benzinga Markets
