Bitcoin $93,313 has faced a grueling 24 hours for traders, with altcoins suffering even more. The significant erosion of hope and the increase in negativity might seem discouraging, but they can also signal a potential uplift. Such movements often occur during peak fear periods. What insights can a 50-year trading veteran provide in these turbulent times?
Famous Trader’s Bitcoin Prediction
Veteran trader Peter Brandt shared his latest assessment of Bitcoin today. Over the years, Peter has generally not offered much optimism regarding BTC. While he often fuels negativity, he occasionally hints at bullish signals as well.
His latest evaluation may further dishearten investors already in despair.
“Charts always change. Thus, we should never fully trust any formation. Intraday charts evolve into daily, weekly, and monthly trends until a working chart emerges.”
“Bitcoin’s main trend continues to rise, but the daily chart is tracking an H&…
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