Peter Brandt highlights crucial BTC play as price crashes to lows of $60,822
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Brandt highlighted a pattern in the BTC chart he presented that appears to be similar to a symmetrical triangle pattern, which may provide additional clues.A symmetrical triangle chart pattern marks a period of consolidation before the price is forced to break out or down. A breakdown from the lower trend line signals the start of a new bearish trend, whereas a breakout from the higher trend line indicates the start of a new bullish trend.
Brandt's recent comments may imply that the recent price drop is a healthy correction inside a larger positive trend; this might also indicate a sense of completion and readiness for the next phase of Bitcoin price action.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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