
Down 15% or Up to $127,500? Where Peter Brandt Sees Bitcoin Heading Next
Contrary to retail crypto investors' hopes for an imminent rally, the latest technical review of Bitcoin from legendary trader Peter Brandt points to the opposite - a continuation of the prolonged consolidation. While the leading cryptocurrency is trying to hold in the $65,200–$66,000 area amid easing tensions in the Middle East, Brandt's review of the weekly $BTC/USD chart from TradeNavigator shows worrying technical markers. Forget the peace rally The legendary trader categorically rejected rumors of an imminent upside breakout, calling talk of a "bull flag" a rookie mistake. According to the rules of classical technical analysis laid down by Schabacker,…








