Brandt says last year’s dramatic decline in the crypto markets was easy to predict from a technical perspective. As for the year ahead, he says anything can happen, from a Bitcoin drop to $1,200 to a bull run that sees BTC returning to its all-time highs.
Right now, the markets are relatively quiet, with Bitcoin up 0.41% at $3,983, according to CoinMarketCap.
Meanwhile, most technical analysts are leaning bearish in the short term, with Ethereum “taking a break” before its big Constantinople upgrade.
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