In a recent tweet, popular trader Peter Brandt drew attention to an ominous double-top pattern that he believes is being ignored by Bitcoin traders.
https://twitter.com/PeterLBrandt/status/1469138934785404929?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
However, he stressed that the pattern cannot be confirmed until it is complete, so the bears shouldn’t be too excited about the prospect of another big correction.
https://twitter.com/PeterLBrandt/status/1469141844235796485?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
The “two-peak” scenario currently only applies to the “profit transfer” for Brandt. He merely pointed to an evolving pattern that might make it difficult for the cops, and stressed that it did not necessarily reflect his point of view or point of view.
The largest cryptocurrency is changing hands at $ 48,192 after falling 6% on Thursday.
Bitcoin is about 30% away from its all-time high of $ 69,044, which it hit a month ago.
As reported by U.Today, prominent value investor Louis Navellier recently predicted that Bitcoin price could fall below $ 10,000 if the largest cryptocurrency hits a double peak.
Grand Cayman, Cayman Islands, 23rd May 2024, Chainwire
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