The veteran trader and well-known financial market analyst, Peter Brandt, has warned about a bearish Bitcoin chart pattern on a weekly scale. He mentioned on his X account that Bitcoin is forming an Inverted Expanding Triangle pattern and predicted that if Bitcoin tests the lower boundary of this pattern, its price could drop by around 19%, reaching approximately $46,000. He emphasized that for the bullish trend to return, a strong breakout towards new highs is required.
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