Peter Brandt: Bitcoin Triggers Sell Signal

BlockBeats News, March 27th. Renowned trader and chart analyst Peter Brandt, who accurately predicted Bitcoin's sharp decline in 2018, released a chart this morning indicating that the Bitcoin price chart has formed a rising wedge pattern, which is a typical bearish signal suggesting a potential downside breakout.

The chart shows that Bitcoin rebounded from around $60,000 in January to around $71,000 in March, but the upper and lower bounds of the wedge are converging, with the current price hovering in the $65,000-70,000 range.

On March 10th and 16th, Peter Brandt accurately predicted Bitcoin's short-term rebound through technical analysis.