Renowned trader Peter Brandt has evaluated the potential for Bitcoin 
$92,640 to experience a correction before a significant rise. Brandt, who has 771,500 followers on social media, highlighted that Bitcoin is exhibiting certain price patterns.
Price Patterns and Expectations
Brandt noted that Bitcoin displays a price pattern characterized by the terms “bump, hump, slump, and dump.” He observed this model prior to Bitcoin’s surge from $50,000 to over $100,000 last year.
Decline and Rise Scenario
The pattern suggests the possibility of Bitcoin dropping to around $84,000 before recovering and potentially rising to $150,000. Brandt remarked, “It is a major question mark whether Bitcoin will experience a soothing decline or a prolonged consolidation before moving upward.”
Head and Shoulders Pattern
Brandt warned that if Bitcoin completes the head and shoulders (H&S) pattern on the daily chart, the price could decline to $76,000. This pattern indicates that if an asset loses momentum and falls below support …
