CandleFocus Legendary Trader Peter Brandt Breaks Silence on Bitcoin Price Bull Flag Pattern
2024-09-25
Author: Content Editor
Veteran trader Peter Brandt has commented on a possible bull flag formation on Bitcoin's price chart. Brandt previously stated that this pattern could not last as long as it has. He shared an excerpt from a charting book that supports this claim. However, he also suggests that the formation could be a bearish channel that, if broken, could signal a longer-term bullish trend. Whether the formation is a bull flag or a bearish channel, the success of bullish traders will depend on Bitcoin surpassing its current resistance level of around $68,500.
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