Veteran Analyst Who Called 2018 Bitcoin (BTC) Meltdown Analyzes Path Ahead After ‘Puke-Out Capitulation’

Veteran Analyst Who Called 2018 Bitcoin (BTC) Meltdown Analyzes Path Ahead After ‘Puke-Out Capitulation’


Veteran trader Peter Brandt says that Bitcoin (BTC) could be on the verge of ending the downward trend that started nearly a year ago.

Brandt tells his 641,400 Twitter followers the sharp rise in Bitcoin trading volumes as the flagship cryptocurrency falls below $30,000 could suggest the “beginning of the end” of the bearish cycle.

“This is the type of volume spike that can indicate puke-out capitulation and the beginning of the end of the one-year decline. Can the carnage continue? Anything is possible – and that includes a local bottom. I’ve mentioned the $27,000 area as a possible low, and that could be.”

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