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Don't get bearish Bitcoin just yet, says veteran trader who called 2018 crash
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Bitcoin (BTC) may have printed a classic “head and shoulders” pattern but bulls could still win, says veteran trader Peter Brandt.
In a tweet on Oct. 27, Brandt, famous for his accuracy when it comes to BTC price predictions, refused to flip bearish on Bitcoin.
Despite nearing $58,000 in a fresh wipeout of leveraged traders Wednesday, analysts broadly remain calm, even calling for highs to return in a show of strength which should catch many by surprise.
For Brandt, there is also little reason to dismiss Bitcoin on the back of current price action.
“Head and shoulders tops need not always produce a bear market to the implied target or beyond,” he wrote.
An accompanying chart showed last week’s all-time high of $67,100 surrounded by two lesser
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