As $BTC reaches $47,000, Peter Brandt shared an interesting pattern that Bitcoin may follow in the coming weeks
Following the breakout in 2019, Bitcoin entered the ascending range after gaining approximately 20%, which ended up in another breakout that brought the digital gold to new local highs. The pump that came after resulted in a 50% price increase.
Despite showing quite similar historical movements, the veteran trader offered a disclaimer, warning the community that charts cannot predict the future. The provided charts and strategies are useful only within trading programs and strategies that require proper risk management.He added that if $BTC cash tag"stalls and laser eyes reappear," traders should look out.
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