Bitcoin Faces Correction Warning to $76K Amid Mixed Analyst Views, While FET Enjoys 50% Rally
15.04.2025 07:39
Trader Peter Brandt warned that Bitcoin (BTC) might see a short-term correction down to $76K, citing a bearish rising wedge on the 4-hour chart. Despite a recent 6% rally that briefly pushed BTC back above $85K, consensus remains divided among analysts. Some, including Coinbase experts, see current BTC levels as 'fair value' and a buying opportunity fueled by renewed activity from long-term holders. They suggest that while accumulation is underway, a significant upward jump is not guaranteed in the immediate term. Key resistance and liquidity levels at $86K, $84K, and $82.7K are identified as potential magnets affecting price direction. Meanwhile, FET has surged 50%, although analysts note that maintaining key price levels is critical for continued gains. Overall, the news encapsulates a period of mixed signals for BTC with a blend of precautionary technical corrections and positive buying sentiment, while FET’s recent rally marks an impressive short-term performance.
The bearish outlook based on technical analysis by Peter Brandt indicates a possible short-term pullback toward $76K, driven by a rising wedge pattern. In contrast, renewed accumulation by long-term holders and signals from Coinbase suggesting 'fair value' imply potential stabilization. Short-term volatility is expected around key liquidity levels at $86K, $84K, and $82.7K, whereas long-term recovery could occur if the corrective phase remains temporary.
FET’s 50% rally reflects strong immediate market momentum. The surge indicates bullish sentiment, though sustaining these gains will depend on maintaining critical support levels. Investors may see further upward movement if these levels hold, though inherent volatility could lead to fluctuations in the short term.