Bitcoin announced this week US CPI and PPI with data Fed It displayed volatile movements due to the impact of the interest rate decision.
Bitcoin, which approached $70,000 after positive data, fell to $67,000 after the FEC decision.
Veteran analyst who correctly predicted that Bitcoin will fall to $16,000 in 2022 as investors wonder whether the decline will continue Peter BrandtA new prediction came from .
BTC Sharing his predictions for the price, Brandt made a post that would upset investors.
Master analyst, He claimed that if the price of Bitcoin falls below $65,000, the decline will continue and it may drop to $60,000 or even $48,000.
Accordingly, if the Bitcoin price exceeds the $65,000 level, it may drop to $60,000. BTC If the price falls below $60,000, it may make another 20% correction and drop to $48,000.
Peter Brandt also signaled that there may be an increase despite the downward scenario. Bitcoin Advising investors to follow the weekly close, Brandt said that $66,000 is important for the weekly close. According to Brandt’s chart, a close below $66,000 and a break below $65,000 could push BTC to $60,000.
However, Brandt pointed out that there is a possibility that Bitcoin will pump from $ 60,000.
Bitcoin continues to trade at $67,043 at the time of writing.
Chart of interest – Bitcoin $BTC
Sometimes the most obvious interpretations of a chart work out, most of the time the charts morph. But the most obvious is this:
Break through 65,000, then mkt goes to 60,000
Break through 60,000 mkt goes to 48,000 pic.twitter.com/JsXXVx2EhV— Peter Brandt (@PeterLBrandt) June 13, 2024
*This is not investment advice.
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