BitcoinSistemi 2025-04-16 13:28:08

Legendary Analyst Warns About Bitcoin (BTC) Price! "The Expected Signal Has Not Arrived Yet!"

Bitcoin (BTC) recently rose above $86,000 for the first time since US President Donald Trump announced bilateral tariffs earlier this month. However, BTC could not maintain these gains and retreated to $83,800 levels. Although Bitcoin's rise gave hope to investors, legendary analyst Peter Brandt said that the rise in Bitcoin did not convince him and that it was not a signal of a reversal. I'm Not Convinced! Analyst with 50 years of experience Peter Brandt shared his new analysis on the current state of Bitcoin. Evaluating Bitcoin's recent rise above $86,000, the analyst pointed out that Bitcoin had broken through the downtrend line that had limited its rise throughout January, February and March. Although there is a bullish sentiment in the market with the recent rise, the analyst stated that one should not get their hopes up about Bitcoin's recent price movement. Stating that the recent rise in Bitcoin does not indicate a price reversal trend, the analyst addressed “amateur chartists” in his post and said: “Many amateur chartists notice this trend line. Of all the chart structures, trend lines are the LEAST important. “The latest trendline breach on the Bitcoin chart does not indicate a trend reversal. Sorry” According to Brandt, the Bitcoin price needs to break and consistently close above the $88,000 resistance level to confirm a successful reversal of the market correction since the beginning of the year. *This is not investment advice. Continue Reading: Legendary Analyst Warns About Bitcoin (BTC) Price! "The Expected Signal Has Not Arrived Yet!"