Ethereum

Savvy

2024

Bitcoin

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Old-school commodity trader <a href="https://u.today/legendary-trader-peter-brandt-highlights-major-bitcoin-problem" rel="noopener noreferrer nofollow">Peter Brandt</a> published a tweet, engaging the Bitcoin community in a discussion about BTC patterns and the cryptocurrency’s potential price moves.
He also slammed the second largest crypto, Ethereum, in the comments under his tweet.
<h2 id="bitcoin-is-not-going-to-44-000-brandt-says">Bitcoin is not going to $44,000, Brandt says</h2>
Peter Brandt addressed his followers on the X platform to pick their minds about a Bitcoin Double Top pattern that he spotted on a chart. Apparently Brandt decided to test the community, asking them whether <a href="https://u.today/legendary-trader-peter-brandt-spots-major-bitcoin-btc-buy-signal" rel="noopener noreferrer nofollow">Bitcoin</a> has completed the Double Top or not.
He warned that if the answer is yes, then a minimum price target for BTC would be $44,000, since it is a reversal pattern.
<blockquote>
 Has Bitcoin completed a double top?Yes or no????If yet, minimum target is $44,000What do you think?<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://t.co/EpzeihHJtF" rel="noopener noreferrer nofollow">pic.twitter.com/EpzeihHJtF</a>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1809961868603048271?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 7, 2024</a>
</blockquote>
In the comments thread, Brandt admitted that the pattern has not been completed for Bitcoin yet since not all the conditions for it have been fulfilled.
<h2 id="peter-brandt-bashes-ethereum-defending-bitcoin">Peter Brandt bashes Ethereum, defending Bitcoin</h2>
Founder of Sypheon Online Ferruh Danaci commented on Brandt’s tweet, criticizing Bitcoin and praising Ethereum. He called Bitcoin “useless sh-t” and “a useless toy for whales,” while he believes Ethereum to be real.
In return, legendary trader Brandt referred to ETH, using three pile of poo emojis.&nbsp;
<blockquote>
 ETH is a pile of 💩💩💩— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1809985392948428885?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 7, 2024</a>
</blockquote>
Peter Brandt generally supports only BTC, stressing his dislike for Ethereum in several tweets published earlier this year. However, he admitted that as a trader he would trade even ETH if there were a chance to make a profit on it.

Legendary Trader Peter Brandt Slams Ethereum: Details

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