exhibiting volatile movements recently bitcoinyesterday evening, the US government BTC He had a sudden drop on the claim that he was selling.
With these claims, BTC, which shot up to the level of $ 26,700, rose again above $ 27,000 after it was understood that this news was not true.
In BTC, which continues its downward and upward movements, investors now want to see $ 30,000 and above again, while experienced analyst Peter Brandt He evaluated the price movements of BTC.
Sharing on Twitter, Brandt warned investors that a drop in Bitcoin may occur in the near future.
Noting that a head and shoulders pattern is formed on BTC’s daily chart, the experienced name said that this situation should be taken seriously.
“It should be taken seriously if a head and shoulders are complete.”
A head and shoulders should be taken seriously if it is completed $BTC pic.twitter.com/n5ZiLasmUC
— Peter Brandt (@PeterLBrandt) May 11, 2023
“Head and Shoulder” The pattern appears as a technical analysis chart pattern that indicates that the trend in price is about to potentially reverse.
If the head-and-shoulder model shared by Peter Brandt occurs BTC’A new decline scenario may also occur.
Time will tell whether a head-and-shoulder pattern will occur in Bitcoin. bitcoin At the time of writing, it continues to trade at $ 27,445.
*Not investment advice.
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