Peter Brandt has made a new Bitcoin prediction, now that Bitcoin has again dropped below the $26,000 level
, it is once again testing the neckline of the underlying inverted Head & Shoulders pattern on the chart. He believes that Bitcoin going down and closing under the $24,800 level “would do damage to the daily and weekly graphs”.
He finished the post with a sarcastic self-punching statement, mirroring the trolling some in the crypto community pour upon him for his crypto predictions - “But hey, what do I know? I am only a boomer who does charting.”An inverted H&S pattern is a reverse pattern on charts that usually indicates that a bearish trend is about to turn bullish.is once again retesting the neckline on the underlying inverted H&S. A close below 24,800 would do damage to the daily and weekly graphs.
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