Trader Peter Brandt Highlights Promising Price Movements in Bitcoin and Two Altcoins

Experienced trader Peter Brandt highlights positive signs for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

He observes that Bitcoin remains in a consolidation pattern and has recently broken above resistance, but it won’t enter bull territory until it surpasses its all-time high of nearly $74,000. As of now, Bitcoin trades at $67,363.

Brandt notes that Ethereum has broken out of a bullish inverse head-and-shoulders pattern, indicating strong buying interest, with its current price at $2,622. He also points out that Solana is forming a cup and handle pattern, suggesting a potential upward move, with SOL priced at $166.40. Brandt considers these three cryptocurrencies to be among the most intriguing chart developments in the market.

Clever Robot News Desk 24^th October 2024