Popular analyst Peter Brandt stated that he expects a decline for Bitcoin (BTC) and that the rise will come after this fall.
The cryptocurrency market has spent almost all of this month in uncertainty and price indecision. Bitcoin, in particular, continues its activity, stuck between $ 30 thousand and $ 25 thousand. However, this volatility makes cryptocurrencies generally bearish.
Bitcoin’s turbulent days came from analyst Peter Brandt. Brant said that he expects another drop in Bitcoin and that the rise can happen after this drop.
Peter Brandt Expects a Fix for Bitcoin
Famous analyst Peter Brandt stated that he expects a new correction for Bitcoin (BTC). Brandt believes that the uptrend will not happen without a correction.
Perhaps one more shake out break, then thrust higher. But hey, that’s just a guess, and guessing is the best we have to offer. If anyone is dogmatic about their brilliance, turn and run, protecting your wallet. pic.twitter.com/bnJN1zpzaH
— Peter Brandt (@PeterLBrandt) May 22, 2023
Brandt shared his Bitcoin chart analysis with his followers in a post on Twitter. In this post, BTC’s MA lines drew attention.
Drawing a line around $25,000 on the chart, Brandt said that there may be a decrease before the rise comes and this can be seen with the intention of correction. Brandt has signaled that the rise may come in the long run.
In addition, Brandt advised long-term players to stay away from the market by protecting their wallets.
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