There are a lot of bitcoin forecasts that are circulating around the crypto space. However, pinpointing the correct level that the digital asset will fall into has been one of the hardest tasks. Nevertheless, the analysis can often try to tell what will happen next for the digital asset due to market movements and one of those analyses has been put forward by Peter Brandt, a notable name in the crypto space.
Brandt Says Brace For Downtrend
In a recent tweet, the market analyst and trader had posted a chart that put forward what he believed was next for the price of bitcoin. By that point, the digital asset was still trading below $20,000 and with market momentum declining, it wasn’t expected that there would be much recovery and Brandt’s chart said as much.
He had identified what is referred to as a pennant, a series of market movements that shows where the digital asset price had peaked at a po ..
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