Bitcoin could drop 17% to $46,000 or rise 32% to $74,000, according to trading legend

From Investing.com

September 6, 2024 8:00 am:

Yesterday, the crypto market faced $100 million in liquidations, 76% were long positions. Expert trader Peter Brandt sees an inverted expanding triangle pattern on Bitcoin’s chart, suggesting a possible 17% drop to around $46,000 per BTC. To reverse the slide, Bitcoin needs to hit $74,000 for a 32% upside, according to Brandt. Brandt also notes that selling pressure is stronger than buying in this pattern.

Read more at Investing.com: Bear Market Confirmed? Trading Legend Peter Brandt Shares Must-See Bitcoin Price Prediction By U.Today