Veteran commodities trader Peter Brandt has expressed recognition for an analyst named HTL-NL, who is currently bearish on Bitcoin. Brandt commended HTL-NL for going against the crowd and being one of the few Bitcoin bears. This comes as Bitcoin's price has declined from its record highs following President Donald Trump's inauguration. HTL-NL had suggested that Bitcoin had reached its peak and was likely to experience a reversal. Brandt, who has also expressed bearish sentiment, predicted a potential correction for Bitcoin to $50,000 or lower.



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