From Investing.com: 2024-07-04 10:30:20

Bitcoin (BTC) saw a drop to $57,300, its lowest in nearly three months. Overall market experienced declines. $319.98 million in liquidated positions in 24 hours contributed to $176 billion loss in crypto market capitalization. Trader Peter Brandt warns of a bearish pattern, signaling potential further declines for Bitcoin.

Brandt highlights bearish pattern, bear flag, suggesting caution for investors. He humorously references U.S. interest in flags during 4th of July. Brandt’s outlook is not bullish, indicating potential pain for buyers in the market. His guidance may help prepare for potential downside, but only time will reveal the outcome.

Read more at Investing.com: Legendary Trader Peter Brandt Issues Crucial Bitcoin Warning for Bulls By U.Today