Renowned analyst predicts potential bearish trend for Bitcoin due to downward channel pattern

From Investing.com

July 21, 2024 9:00:24 am:

Renowned analysts predict a potential bearish trend for Bitcoin despite neutral market sentiment, citing a downward channel pattern indicating further downside. Peter Brandt notes the consolidation phase doesn’t resemble a bullish flag pattern, with prices possibly dropping further. Resistance levels suggest a declining phase, contradicting hopes for a bullish rally towards $70,000.

Read more at Investing.com: Peter Brandt Reveals His Bearish Bitcoin (BTC) View By U.Today