Veteran Trader Peter Brandt Short-Term Bearish On Bitcoin; Is A Bitcoin Crash Ahead?
BTC Price Prediction: Bitcoin ’s current consolidation phase is giving rise to a widely recognized bearish pattern, thereby increasing the likelihood of further downward movement. If a significant breakdown occurs below certain levels, it could trigger the bearish pattern and potentially lead to a decline in price. advertisement On the other hand, the validity of this bearish outlook would be questioned if the price manages to surpass over 27,000 mark. His Analysis indicates a cautious stance on Bitcoin ’s price trajectory. Recently he predicted that Bitcoin price fall below $25000 as volatility and uncertainty rise amid US debt ceiling crisis. Adding to the prevailing market concerns, on May 22, Brandt highlighted the ongoing US debt ceiling talks as a significant factor. Recommended Articles Crypto Telegram Channels List 2023 [Updated] Must Read ...