Peter Brandt’s Favorite Analyst Weighs In on Bitcoin: “It’s Important for It to Break Through This Level by the End of the Week”
Key Highlights Technical analyst Aksel Kibar identifies a weekly close above $82,800 as a critical threshold for Bitcoin, potentially confirming a bullish rectangular pattern reversal or double bottom formation. Kibar emphasizes that formation breakouts validated by significant moving averages—such as the 52-week EMA—provide dual confirmation of both trend direction and pattern completion. The analyst distinguishes ...