Peter Brandt: Bitcoin to Bottom in August to October, Then Skyrocket
BlockBeats News, January 30th, Peter Brandt, a well-known trader and chart analyst who successfully predicted the Bitcoin crash in 2018, released a chart analysis this morning pointing out that the ETH chart has formed a symmetrical triangle pattern, while the total cryptocurrency market cap shows a right-angle extension pattern. Bulls need to prove a breakout to lead the market. However, historically, such patterns often indicate further volatility or a downtrend, emphasizing bearish dominance.
Peter Brandt also predicted, "Bitcoin will bottom out and rebound between August and October, then skyrocket. At least that's how it looks now."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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