Famous Analyst Peter Brandt Expects A Big Move In Bitcoin (BTC)!

Experienced analyst and investor Peter Brandt, Bitcoin (BTC) He says he’s preparing for a big move after months of quiet consolidation.

Legendary Investor Peter Brandt Predicts Big Move For Bitcoin (BTC)

In a new YouTube strategy session with investor Tone Vays, Brandt revealed that Bitcoin’s technical data is about approximate from current prices. 30% of He says it indicates a decline.

Anticipating Bitcoin’s collapse following the 2017 bull run, Brandt says that BTC’s massive double top formation last year is a strong harbinger of another downside move before a reversal.

“If you take the double top we live in Bitcoin and the descending triangle assuming we pierced the parabola in 2021, they all have targets around $13,000.

Whenever you break a parabola in Bitcoin, you experience more than 80% correction. Previously, we had rates of 75%, 76%. It doesn’t necessarily have to be 80%, but it was 80%,” he said.

Brandt also says that based on traditional charting techniques, Bitcoin is likely to follow the downward momentum prior to the current consolidation period.

“As a classical and downtrend charter in Bitcoin, I always believe that any period of consolidation or congestion will resolve in the direction before this congestion.

So my argument would be that we’re likely to experience another kind of destruction, even though it’s not needed.

Brandt says his price prediction will begin to collapse if Bitcoin breaks above $20,000 and gains solid support above the $22,000 level.

Brandt also said that if Bitcoin can’t really go above $20,000 and consolidate, we could definitely see another drop. I don’t think we’re going to $11,000 or $12,000. I think $13,000 is probably a more realistic level, he said.

*Not investment advice.