Peter Brandt, a respected veteran in the financial markets, has expressed concerns about the current price of Bitcoin. He observes that the recent drop in price, combined with the emergence of a possible head-and-shoulders pattern on the daily charts, could lead to further price declines. However, he also acknowledges that chart patterns are not always accurate indicators of future price movements. Despite the uncertainties, Brandt points out that Bitcoin has been outperforming the purchasing power of the US dollar, indicating a divergence between the two.



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