{"id":44406,"date":"2025-08-27T16:46:42","date_gmt":"2025-08-27T16:46:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=44406"},"modified":"2025-08-27T16:46:42","modified_gmt":"2025-08-27T16:46:42","slug":"bitcoin-must-reclaim-117570-to-avoid-double-top-risk-veteran-trader-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=44406","title":{"rendered":"Bitcoin Must Reclaim $117,570 To Avoid Double Top Risk, Veteran Trader Says"},"content":{"rendered":"<div>\n<p>A recent large sell order in the <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) market has raised concerns among traders, with veteran analyst <strong>Peter Brandt<\/strong> highlighting its significance as a supply-driven event that could signal <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">a market top<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>Brandt <a href=\"https:\/\/x.com\/PeterLBrandt\/status\/1960687752808423907\">noted<\/a> on <strong>X<\/strong> that Bitcoin needs to exceed $117,570 to negate the formation of a seven-week double top pattern, a technical structure often associated with bearish reversals.<\/p>\n<p>&#8220;Tops in markets are created by SUPPLY or DISTRIBUTION,&#8221; Brandt stated, emphasizing the impact of the sell order while clarifying he remains neutral on Bitcoin&#8217;s overall outlook. <\/p>\n<p>The double top pattern, observed over the past seven weeks, suggests Bitcoin&#8217;s failure to break through key resistance levels, potentially indicating a loss of bullish momentum. <\/p>\n<p>If Bitcoin &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/08\/47364206\/bitcoin-must-reclaim-117570-to-avoid-double-top-risk-veteran-trader-says\" alt=\"Bitcoin\" must reclaim to avoid double top risk veteran trader says>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A recent large sell order in the Bitcoin (CRYPTO: BTC) market has raised concerns among traders, with veteran analyst Peter Brandt highlighting its significance as a supply-driven event that could signal a market top. What Happened: Brandt noted on X that Bitcoin needs to exceed $117,570 to negate the formation of a seven-week double top [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-44406","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44406"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44406\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}