Experienced trader and analyst Peter Brandt detailed with a weekly chart that Bitcoin is in a decision phase.
Peter Brandt dated 12 February in the post He included Bitcoin price analysis. While the famous analyst stated that Bitcoin was in a decision phase, he hinted that the breakout or reaction of these levels could be harsh.
The famous analyst, who created a drawing according to Bitcoin’s weekly chart, determined the 50 thousand dollar level as resistance. Horizontal resistance level 50 thousand dollars broken Even if it is, the oblique resistance indicated by the green box has not been contacted yet.
in Bitcoin approx. 52 thousand dollars More on breaking the resistance level at high levels A correction is expected if it receives a reaction while targeting it.
bitcoin today 51 thousand dollars exceeding the level After 2.5 years It broke a record in price. According to CoinGecko data, Bitcoin, at the time of writing from $51,640 is being traded.
