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?
Morning Crypto Report: Binance Suddenly Unlocks One Trillion Shiba Inu (SHIB), Bitcoin Whitepaper Name Admits and Denies Epstein Links, $2.36 Billion Satoshi-Era Bitcoin Whale Gets in Trouble With Ethereum Crypto Market Review: XRP in Deep $1 Waters, Shiba Inu (SHIB) — Worst Price Nosedive of 2026, Is Bitcoin (BTC) in Danger of Hitting $50,000? Strategy's Saylor Hints at Fresh Bitcoin Buy Amid Investor Ridicule Shiba Inu Buyers Step In, Peter Brandt Reveals Bitcoin Price Rebound Target, Ripple Exec Confirms XRP as Priority — Top Weekly Crypto News
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
Arman Shirinyan
Tomiwabold Olajide
Yuri Molchan
Gamza Khanzadaev
Godfrey Benjamin