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    Home»Bitcoin»Peter Brandt warned of a possible drop in bitcoin
    1639128736 1c8aeb74544a1e7b727fdea7a4c16e6e2aef35fb
    Bitcoin

    Peter Brandt warned of a possible drop in bitcoin

    AdministratorBy Administrator10.12.2021No Comments2 Mins Read
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    In a tweet, renowned trader Peter Brandt drew attention to the sinister double top pattern, which, in his opinion, is ignored by bitcoin traders.

    This is a bearish reversal pattern signaling the end of an uptrend.

    I’m surprised the charting lovers haven’t shouted “double top” yet … I already miss this chatter. BTC. I AM NOT A HEYTER.

    Kind of surprised the chartaholics have not been screaming “DOUBLE TOP” yet. Perhaps they have been and I’ve missed that chatter. $BTC
    I AM NOT A HATER!!!! pic.twitter.com/xXxQysOKq1

    — Peter Brandt (@PeterLBrandt) December 10, 2021

    At the same time, the expert emphasized that the model cannot be confirmed until it is completed, so you should not worry about another large-scale correction prematurely.

    A pattern is NEVER recognized as a pattern until it is completed and validated. I point to many emerging models …

    A pattern is NEVER a pattern until it is completed and confirmed. I point out a lot of developing patterns — you, like many novices, take that is representing my position and opinion.

    — Peter Brandt (@PeterLBrandt) December 10, 2021

    The pattern has not yet been fully formed, but the price of bitcoin is already declining. The main cryptocurrency is currently trading at $ 47,970, showing a 3% loss.

    At the moment, bitcoin has deviated by about 30% from its all-time high of $ 69,044, which was reached about a month ago.






    #Peter #Brandt #warned #drop #bitcoin

    Bitcoin Brandt Drop Peter warned
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