{"id":133617,"date":"2024-07-22T09:30:37","date_gmt":"2024-07-22T06:30:37","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133617"},"modified":"2024-07-22T00:14:57","modified_gmt":"2024-07-21T21:14:57","slug":"top-trader-shares-his-bearish-prediction-for-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/top-trader-shares-his-bearish-prediction-for-bitcoin\/","title":{"rendered":"Top Trader Shares His Bearish Prediction for Bitcoin"},"content":{"rendered":"
Experienced trader Peter Brandt recently shared his perspective on Bitcoin\u2019s current price movement. Contrary to some beliefs, Brandt argues that BTC\u2019s ongoing consolidation phase does not form a bullish flag pattern. Instead, he identifies a downward channel, indicating a potential bearish trend.<\/p>\n
\nI try to be as honest as possible to Edwards\/Magee\/Schabacker in pattern labeling. The current congestion in Bitcoin is NOT a flag (it has lasted too long) but appears as a down channel. $BTC<\/a> pic.twitter.com\/OJcpML6VPT<\/a><\/p>\n
\u2014 Peter Brandt (@PeterLBrandt) July 20, 2024<\/a><\/p><\/blockquote>\n