The veteran trader who accurately predicted Bitcoin’s collapse in 2018 is issuing a new warning to crypto investors.
Peter Brandt say that BTC bulls, after falling out of a bearish downward sloping channel to around $87,000, still have a lot of work to do.
“Another sell signal in Bitcoin has completed as a bear channel. Remember, charts can always change.”
At this point, Brand says Bitcoin’s price needs to regain $93,000 to pave the way for a possible turn to the upside.
As for his downside target, Brandt recently said he believes BTC will eventually fall to $58,000 to $62,000.
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