A veteran trader who accurately called Bitcoin’s 2018 crash just issued a dire warning to crypto traders.
Peter Brandt is sharing a chart on X that highlights key resistance for BTC at around $102,300.
Brant believes Bitcoin remains in a bearish downward-sloping channel, and bulls are going to feel much more pain unless buyers step in strongly.
If they don’t, he warns a 33% to 37% price drop is incoming.
“$58,000 to $62,000 is where I think it is going. If it does not go there I will NOT be ashamed, so I do not need to see you trolls screen shot this in the future.
I am wrong 50% of the time. It does not bother me to be wrong.”
Bitcoin is priced at $92,683 at time of publishing, down 0.21% in the last 24 hours.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
