A veteran trader who accurately called Bitcoin’s 2018 crash has just issued a dire warning to crypto traders.
Peter Brandt shares a chart on X that highlights key resistance for BTC at around $102,300.
Brant believes Bitcoin remains in a bearish, downward-sloping channel, and bulls will feel a lot more pain unless buyers take strong action.
If they don’t, he warns a price drop of 33% to 37% is coming.
“I think it goes to $58,000 to $62,000. If it doesn’t go there, I will NOT be ashamed, so I don’t have to see your trolls taking screenshots in the future.
50% of the time I’m wrong. I don’t care if I’m wrong.”
Bitcoin is priced at $92,683 at the time of publication, down 0.21% in the past 24 hours.
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Generated image: Midjourney