Renowned trader and chart analyst Peter Brandt has forecasted a potential decline in Bitcoin's price to $58,000, suggesting the bear market is still in effect. Brandt, known for accurately predicting the 2018 Bitcoin crash, shared a chart indicating Bitcoin's position near the lower edge of a logarithmic channel. This analysis points to a continuation of bearish trends. Earlier this week, Brandt had projected that Bitcoin would bottom out between August and October, followed by a significant price surge. His latest prediction adds to the ongoing discourse on Bitcoin's market trajectory as traders and investors closely monitor these developments.
Peter Brandt Predicts Bitcoin Drop to $58,000 Amid Ongoing Bear Market
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This content is for informational purposes only and does not constitute investment advice.
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