June 15 (Cointime) -Bitcoin trader Peter Brandt has observed a "hinge" behavior on the daily chart, with four consecutive daily candles closing within a 3/10th of 1% range, indicating price equilibrium. This may suggest a balance between bulls and bears. Meanwhile, negative sentiment on Twitter around Bitcoin has reached new highs, historically preceding or following price bottoms.
Additionally, Bitcoin's exchange supply has fallen to its lowest level since February 2018, as traders move BTC into self-custody amid uncertainty surrounding Binance and Coinbase. Crypto analyst "Carl from the Moon" predicts a target of $31,000 if Bitcoin breaks to the upside, as the falling wedge pattern continues to play out.
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