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After Bitcoin (BTC) attained a record high of above $100,000, one of the dominating opinions in the market is the asset’s potential to make further gains. However, some players foresee a possible plunge before attempting another all-time high. In this line, legendary trading expert Peter Brandt has raised the possibility of Bitcoin experiencing one final “dump” or an extended period of consolidation before its next significant move upward.  In an X post on January 12, the expert backed his Analysis with data showcasing Bitcoin’s recent price history identifying phases he labeled as “pump,” “hump,” and “dump.” Picks for you This indicator hints at 'imminent recession' after 'brutal interest rate rise' 3 hours ago ...

The crypto community follows Peter Brandt ’s updates closely because of his accurate predictions on Bitcoin price. While he remains bullish on Bitcoin hitting $40000, bearish sentiment is rising due to the recent turn of events. advertisement Peter Brandt Predicts Bitcoin Price Fall Amid Debt Ceiling Crisis Veteran trader Peter Brandt in a tweet on May 22 predicts that Bitcoin price can break below the $26,800 level. After the correction, Bitcoin price will continue to move higher. Earlier, he recommended going long on Bitcoin and predicted a BTC price target of $40,000 . According to his Analysis , BTC price risks falling to $24,800. GoinGape Media also reported the same level after on-chain data and technical indicators pointed to an upcoming fall in Bitcoin price. A drawdown in BTC price offers investors to buy the dip. Recommended Articles Crypto Telegram Channels List 2023 [Up...

Bitcoin ’s price must breach a monthly range to make a decisive run. Veteran markets analyst and trader Peter Brandt sees Bitcoin getting ahead and becoming the “King of the Hill” amidst the ongoing financial mess. On Saturday, Brandt, a prop trader since 1975, took to Twitter to express his thoughts on the world’s largest cryptocurrency by market capitalization. The pundit noted that the Bitcoin % dominance chart had formed a 24-month rectangle with multiple upper and lower boundary contacts. According to him, the boundaries created a “confining range” that needed to be breached for the price to make a decisive run. Once BTC moves higher, it will Bury all altcoins. “A decisive break out of this range would have huge significance. My bias is that Bitcoin will bury all pretenders BTC,” said Brandt adding, “Eventually, there will be only one “King of the Hill,” and it will be Bitcoin.” The Bitcoin % Dominance chart has now formed a 24-month rectangle with multiple up...