master trader Peter Brandt, in one of his last tweets bitcoin He said it might be time to buy.
Brandt stated that market sentiment looks extremely “bearish” and that is why he believes BTC will rise.
Adding a price chart to his tweet showing that Bitcoin forms a descending channel on the weekly chart, Brandt said that such charts stated that it is thought to be bearish in the short term.
On the other hand, the master analyst stated that he finds it fascinating that most of the social media accounts, which wear laser eyes in their Twitter profile photos in March-April and predict a rocket increase for BTC in November, now predict that the level of 30 thousand dollars will be violated. He pointed out that “when the bulls wear laser eyes, it is time to sell, and when the bulls are bears, it is time to buy”.
I find it fascinating that many (not all) on social media who wore laser eyes in Mar/Apr and predicted a rocket shot 🚀for $BTC in Nov now are predicting that the $30k level will be violated
When bulls wear laser eyes — time to SELL
When bulls become bears — time to BUY???? pic.twitter.com/ytchaFLDfN— Peter Brandt (@PeterLBrandt) January 30, 2022
The flagship cryptocurrency peaked at $69,000 in November but has since lost more than 50%.
“BTC Is Hard to Rise Until This Level Is Broken!”
Alongside Peter Brandt, another popular cryptocurrency investor who has made evaluations by branding BTC close Scott Melker In a recent tweet, he claimed that Bitcoin will not rise until a weekly close above the $ 39,600 level.
$BTC weekly
Pretty hammer candle (or high wave spinning top, choose).
Strong volume, long wick into demand.
Not really bullish until >$39,600.
Have not had consecutive green wks in months, need confirmation. 2 weeks ago was a “bullish candle” as well, didn’t work out. pic.twitter.com/HlI8XI6RO2
— The Wolf Of All Streets (@scottmelker) January 31, 2022
*Not investment advice.