Bitcoin Faces Correction Warning to $76K Amid Mixed Analyst Views, While FET Enjoys 50% Rally

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.