Analyst Who Accurately Called Massive Bitcoin Crash Has Bad News for Crypto Traders – Here’s His New Target

Analyst Who Accurately Called Massive Bitcoin Crash Has Bad News for Crypto Traders – Here’s His New Target


Seasoned market analyst Peter Brandt is warning Bitcoin traders and investors alike, saying that BTC is poised for a sharp corrective move.

Brandt tells his 636,800 Twitter followers that Bitcoin has broken down from crucial diagonal support that has kept BTC afloat for the first few months of 2022.

“The completion of a bear channel typically results in a decline equal to the width of the channel, or in this case a hard test of $32,000 or so – my guess is $28,000
This does NOT make me a hater BTC.”

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Source: Peter Brandt/Twitter

At time of writing, Bitcoin is trading at $38,605, nearly 40% away from Brandt’s downside target of $28,000.

Brandt is also keeping a close watch on the US dollar index (DXY),

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