Bitcoin is again forming a ‘three blind mice’ trading pattern: Peter BrandtBitcoin forms a "three blind mice" pattern, which veteran trader Peter Brandt suggests could indicate potential future price movements. The pattern has previously resulted in price slumps, but some traders have suggested that it is a more humorous version of the Three Black Crows pattern. Bitcoin is currently in a downtrend, and only a close above $71,000, confirmed by a new ATH, could indicate that the trend remains in force. The price of BTC has dropped 7.1% over the past three days due to concerns about the Middle East and the US economy.
Cointelegraph·2024-10-03 03:51