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Veteran Trader Peter Brandt Short-Term Bearish On Bitcoin; Is A Bitcoin Crash Ahead?

source-logo  coingape.com  + 3 more 24 May 2023 11:06, UTC

Renowned trader Peter Brandt, recognized for his astute market analysis, has shared a short-term bearish outlook on Bitcoin. In a recent tweet, Brandt pointed to a chart pattern known as a pennant or flag, commonly associated with a bearish trend in the near term unless there is a substantial rally above the mid-point highs.

coingape.com

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