Amid the continuous blend of bulls and bears from Bitcoin in recent months, Trading Guru Peter Brandt has shared in his latest post a worrisome pattern observed on the Bitcoin price chart. According to Brandt, Bitcoin appears to be on a downward trend. The legendary trader said in a recent post on Elon Musk’s social media platform X: “The series of lower highs and lower lows continues.” What Are the Implications Of This Pattern Notably, the consistent lower highs and lows as observed by Brant might just be an indicator to a cooling of the recent bullish fervor. Since Bitcoin has hit a peak above $73,000 in March, the asset has been unable to reclaim this all-time high. Related Reading: Is Bitcoin Poised for a September Price Surge? What Traders Need to Know Particularly, whenever BTC attempts to rally, moving closer to its March peak, the asset only appears to hit a ceiling at the $70,000 region and then trade lower than the previous swing low. This pattern of consecutive lower highs and lower lows is traditio ..
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