Legendary trader Peter Brandt warns of troubling downside trend for Bitcoin, potential bearish reversal.

From Investing.com

July 19, 2024 2:00:25 pm:

Legendary trader Peter Brandt acknowledges Bitcoin’s recent bounce but warns of troubling downside trend from $55,000 to $64,000. Daily chart still shows lower highs and lows since March, indicating ongoing downtrend. Brandt speculates on potential head and shoulders pattern forming on monthly chart, signaling bearish reversal. Cautious tone underscores need for further confirmation before drawing conclusions.

Read more at Investing.com: Legendary Trader Peter Brandt Reveals Real Concern for Bitcoin By U.Today