2024

Bitcoin

The leading cryptocurrency Bitcoin has started to recover after the sharp declines it experienced during the week. While BTC, which has risen above $ 58,000, gives bullish signals, investors are hesitant about whether the rise is fake or real.
At this point, a positive comment came from legendary analyst Peter Brandt.
Stating that Bitcoin's current trend is an upward trend and indicates a potential market recovery, Brandt called this pattern “foot shot”.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The pattern in Bitcoin is something I call a foot shot (Friday). This is a buy signal short term. <a href="https://t.co/D5jz7FrQFS" rel="noopener noreferrer nofollow">pic.twitter.com/D5jz7FrQFS</a>
 — Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1809630547158921359?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 6, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
This comment came amid a significant market correction, according to the analyst, who said this pattern was a short-term buy signal.
<h2 id="bitcoin-suffers-biggest-correction-of-current-bull-cycle">Bitcoin Suffers Biggest Correction of Current Bull Cycle!</h2>
Because, in another analysis, Brandt said that the current correction in Bitcoin is the largest correction so far in the bull cycle that started after the lowest level of 2022.
According to the table shared by Brandt, the bull cycle in Bitcoin started on November 21, 2022.
Stating that BTC has experienced 6 corrections since November 2022, Brandt said that it has experienced approximately 27 corrections from its ATH of $ 73,800 on March 15, 2025, and that it is the biggest correction of the current bull cycle.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Current correction in Bitcoin is the largest so far in the bull cycle that began at the 2022 low <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://t.co/v2E7bJbYKi" rel="noopener noreferrer nofollow">pic.twitter.com/v2E7bJbYKi</a>
 — Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1809652239851507841?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 6, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In an analysis he made in June, Peter Brandt predicted that Bitcoin could drop to $48,000.
Brandt had argued that a drop below the $60,000 level could cause Bitcoin to drop to $48,000. Although Brandt's prediction did not come true, BTC, which fell below $ 60,000, fell to $ 53,000 in a short time.
Bitcoin continues to trade at $57,630 at the time of writing.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/new-statement-from-famous-analyst-peter-brandt-that-will-make-bitcoin-investors-happy-the-scenario-is-good/" rel="noopener noreferrer nofollow">New Statement from Famous Analyst Peter Brandt That Will Make Bitcoin Investors Happy: "The Scenario is Good!"</a>

New Statement from Famous Analyst Peter Brandt That Will Make Bitcoin Investors Happy: "The Scenario is Good!"

Table of Contents

Bitcoin Sistemi EN

Άλλα άρθρα που δημοσιεύτηκαν στις 7 Ιουλ 2024

Shiba Inu Price Prediction: SHIB Soars 16% Amid Surging Whale Activity As This SHIB Derivative Me...

BTC Decline Got You Down? These Cryptos Are Seen as Strong Alternatives

Celsius Network Resurfaces With Creditor Lawsuit, Here’s What To Know

German Govt. Transfers Another $40m Worth of BTC Amid Market Recovery

Crypto Highlights Of The Week

Bitcoin (BTC) Price Correction Might Not Be Over: Here’s Why

Join our free newsletter for daily crypto updates!