Veteran trader and analyst Peter Brandt underlined that Bitcoin (BTC) should be taken seriously considering the possibility of a drop.
Analyst 11 May Posted on his official social media account on in the shipmentBitcoin on the daily chart formed “shoulder head to shoulder” (OBO) drawing attention to the formation probability of falling indicated that it should be taken into account.
consisting of Brandt confirmation of formation in case of price downward One to tend He implied that he could. Also, the formation approval by nature In the case of Bitcoin, approx. 16% with a fall 23.117 up to dollars may regress.
On the other hand, since the beginning of the year close to 70% of the year of the appreciated Bitcoin highest since approximately 10% value to lose in the cryptocurrency industry medium term bearish scenarios started to be talked about.
According to Coinecko data, the latest 30 days in 8.9% value losing bitcoin, end 24 hours in 0.5% drop living by writing $27,481 traded at the level.
