Crypto
Bear Trap Setup or Powerful Move: Bitcoin Surges to $81K
Bitcoin's price has surged to over $81,000 as veteran trader Peter Brandt flags a potential 'bear trap' setup.
According to Brandt, this could be followed by a powerful move.
The rebound coincided with $433 million in U.S. spot Bitcoin ETF inflows and analysts are now watching the $82,000-$83,000 region as nearby resistance.
Raoul Pal, former Goldman Sachs executive, expects Bitcoin to outperform the Nasdaq 100 (NDX) due to fiscal dominance, refinancing needs, and increasing demand for liquidity.