Lace -up dealer Peter Brandt believes that risk companies such as the S&P 500, Bitcoin (BTC) and Ethereum (ETH) will see much lower levels towards the end of the year.
Starting with the US stock market, Brandt says his 792,500 followers on the social media platform X that the S&P 500 looks bearisheh after breaking support at 5,800 and re -testing the level as resistance.
Burn to predict That the S&P 500 will close the year slightly below 4,500 points.
“The red dots are where I think we end the year in 2025.”
From the end of Friday, the S&P 500 acts at 5,282.
Looking at Bitcoin, Brandt to see BTC drops to about the price zone of $ 50,000 after violating a parabolic that Bitcoin Bullish has held since 2023.
“Not my opinion, but it’s what the graph may suggest.”
At the time of writing, Bitcoin acts for $ 85,280.
Regarding Ethereum, ETH predicts that by the end of the year will fall to around $ 600.
“Ethusd”
At the time of writing, ETH $ 1,616 is worth.
In terms of gold, the trader thinks That the precious metal this year has more room to run up. He shares a graph that suggests that gold has been broken from an increasing channel pattern and the prices could reach almost $ 3,600.
An ascending channel indicates that an active one is in an upward trend because it prints higher highlights and higher lows. A channel outbreak suggests that an active is in the middle of a strong bull market.
“Goudfinger, the market with the magical touch.”
Gold is worth $ 3,327 from the end of Friday.
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Generated image: dalle3