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Peter Brandt: Bitcoin Currently Lacks Strong Bottom Signals
On April 29, renowned trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, released a chart yesterday indicating that Bitcoin enthusiasts should abandon the notion of the price soaring to $250,000 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 increases, it lacks strong bottom signals.