Bitcoin has fallen below $35,000, and while given the asset’s recent highs sounds like a sizable correction, the price per BTC is still nearly 1000% higher than where it was less than one year ago. After such extreme moves to the upside, often come crashes that eliminate much of the progress made, until the parabola starts all over again.
Career trader Peter Brandt has shared a chart that subtly hints that the recent Bitcoin price parabola could begin to break down. The last time he did so, he accurately called an 80% decline in price. Here’s a look at what might come next if that’s the case.
Paying Attention To Peter Brandt Costs Nothing, Pays Out In Profits
Peter Brandt is a living legend, spending an entire career professionally trading commodities, stocks, and more recently, cryptocurrency. Brandt has long been interested in Bitcoin, has shared his commentary about the market and related price action via his Twitter, and has contributed to the Bitcoin.Live…
CLICK HERE TO READ MORE → [Career Trader Subtly Hints Of Bitcoin Parabola Breakdown With Fractal Diagram ]