😲 Bitcoin Could Double Top At THIS Price

Plus, is the US going to put its GDP on the blockchain?

Author

Ivan
August 27, 2025

Happy Wednesday!

Bitcoin has consolidated after its recent slide, but it has more work to do: below this level it faces the risk of a double top.

Howard Lutnick, the U.S. Commerce Secretary, yesterday said that the Trump administration may put GDP figures on the blockchain: what did he mean?

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TOP STORY

A recent large sell order in the Bitcoin market has raised concerns among traders, with veteran analyst Peter Brandt highlighting its significance as a supply-driven event that could signal a market top.

Brandt noted on X that Bitcoin needs to exceed $117,570 to negate the formation of a seven-week double top pattern, a technical structure often associated with bearish reversals.

“Tops in markets are created by SUPPLY or DISTRIBUTION,” Brandt stated, emphasizing the impact of the sell order while clarifying he remains neutral on Bitcoin’s overall outlook.

What else did he say?

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After Monday, the same system costs $1,000 more. Lock in your savings before the deadline.

QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are finally consolidating and finding ground after days of weakness: here’s what’s driving the market today.

Stablecoins could grow into a $34 trillion market, according to Arthur Hayes: where will all of that growth come from?

Ethereum ETFs saw inflows of $455 million yesterday, outpacing Bitcoin once again. But Bitcoin treasury companies are raising money again to buy BTC.

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FINTECH FOCUS

U.S. Commerce Secretary Howard Lutnick on Tuesday said the Department of Commerce will begin publishing its statistics on the blockchain, including gross domestic product (GDP).

Speaking at the White House cabinet meeting with President Donald Trump and other officials, the Commerce Secretary tied the decision directly to the administration's embrace of digital assets.

What exactly did he say?

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