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.
- Content Editor ( u.today )
- 2024-09-25
Legendary Trader Peter Brandt Breaks Silence on Bitcoin Price Bull Flag Pattern