Peter Brandt: Bitcoin currently lacks strong bottom signals
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BlockBeats news, on April 29, the renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, released a chart yesterday indicating that Bitcoin enthusiasts should abandon the expectation that the coin price will surge to 250,000 USD this year.
Brandt believes that the current BTC trend is a channel pattern, rather than a bullish bottom reversal pattern. Although this pattern does not rule out further upside, it lacks strong bottom signals.
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