Peter Brandt Warns Bitcoin Above $82K Is a Trap, Predicts Further Decline

BTC-0.46%

Peter Brandt, a veteran analyst with 50 years of market experience, warned that Bitcoin’s recent surge above $82,000 is a trap and that further decline is likely. Brandt argues that the recent BTC recovery is merely a technical bounce within a downward channel that began from the February low, and predicts the price will fall back towards the lower boundary of the channel after reaching the top.

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