Veteran trader Peter Brandt claims that a drop to $21,000 would be the "worst he can envision" for Bitcoin, urging his followers to invest with money they can afford to lose:
Advertisement
Advertisement
After weeks of ambiguous tweets, Brandt has brought more clarity to the table about his own position. The chartist also writes that he’s currently long Bitcoin despite some bearish calls:
Why would someone bail out of non-leveraged longs when the market already had 80% of worst case drop?
SBI Starts XRP Lending, Shiba Inu Whale Awakens With 53 Billion SHIB Transfer, New Ethereum Hack Revealed — Crypto News DigestCrypto Market Prediction: Will Shiba Inu (SHIB) Crash Ever End? Ethereum (ETH) Already Sniffing $3,000; Bitcoin (BTC) Price Expodes in Unexpected Volume Spike'True Currency': Did Elon Musk Just Describe Bitcoin?Morning Crypto Report: Ripple CEO Forces XRP Reality Check for Coinbase, Shiba Inu (SHIB) Soars 5%: Fakeout Next? $444 Million in Bitcoin Land on Binance
Brandt claims that he has reduced his position to 30 percent since the peak but he’s interested in “reloading” it.
Tue, 06/01/2021 - 04:52
Bitcoin Could See $50,000 Again if This Pattern Holds Up, Says Fundstrat
Bitcoin is currently trading at $37,958, down over 41 percent from its Apr. 14 all-time high.
Advertisement
Dan Burgin
Vladislav Sopov
U.Today Editorial Team