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Peter Brandt: Bitcoin currently lacks strong bottom signals
Mars Finance News, 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 idea of the price surging to $250k this year. Brandt believes that the current BTC trend is a channel pattern rather than a bullish bottom reversal pattern. While this pattern does not rule out further gains, it lacks strong bottom signals.