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Bitcoin News Alerts | Daily BTC News

957: TRADER WHO NAILED EPIC BITCOIN 2018 COLLAPSE SAYS EXTREME BTC CORRECTION LOOMING - HERE’S HIS TARGET

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 14 June 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

The veteran crypto trader who accurately called the Bitcoin 2018 meltdown is issuing a fresh warning that a severe correction could be looming for the king cryptocurrency (BTC). Seasoned market analyst Peter Brandt tells his 651,800 Twitter followers Bitcoin must recover its May 31st high of around $32,000 to avoid the risk of a massive capitulation event, sending Bitcoin to a low of $12,700. “Unless Bitcoin (BTC) can close above the May 31st high, this chart could become a textbook example of the famed ‘Drano’ chart pattern.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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Sign up for your $1 a month trial at Shopify.com slash setup. In today's show, Bitcoin price crashes to $20,800 as deadly

1:04.7

candles liquidate $1.2 billion, according crypto analysts, crypto capo. So new target for Bitcoin

1:10.6

between $18,000 and $20,000. Including rec analysts, crypto capo. So new target for Bitcoin between 18 and

1:11.9

$20,000. And quoting rec capital, Bitcoin has reached a 200-week moving average and wick, negative

1:17.0

7% below it. This is nothing out of the ordinary. Historically, Bitcoin tends to wick, negative

1:22.2

14% to negative 28% below the moving average, a negative 14% wick. This time would see a $19,000 Bitcoin and a

1:30.0

negative 28% wick, and Bitcoin could reach 15,500 before reversing to the upside. And plan B updated us

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