Old-school commodity trader Peter Brandt published a tweet, engaging the Bitcoin community in a discussion about BTC patterns and the cryptocurrency’s potential price moves.
He also slammed the second largest crypto, Ethereum, in the comments under his tweet.
Bitcoin is not going to $44,000, Brandt says
Peter Brandt addressed his followers on the X platform to pick their minds about a Bitcoin Double Top pattern that he spotted on a chart. Apparently Brandt decided to test the community, asking them whether Bitcoin has completed the Double Top or not.
He warned that if the answer is yes, then a minimum price target for BTC would be $44,000, since it is a reversal pattern.
Has Bitcoin completed a double top?Yes or no????If yet, minimum target is $44,000What do you think?$BTC pic.twitter.com/EpzeihHJtF
— Peter Brandt (@PeterLBrandt) July 7, 2024
In the comments thread, Brandt admitted that the pattern has not been completed for Bitcoin yet since not all the conditions for it have been fulfilled.
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Peter Brandt bashes Ethereum, defending Bitcoin
Founder of Sypheon Online Ferruh Danaci commented on Brandt’s tweet, criticizing Bitcoin and praising Ethereum. He called Bitcoin “useless sh-t” and “a useless toy for whales,” while he believes Ethereum to be real.
In return, legendary trader Brandt referred to ETH, using three pile of poo emojis.
ETH is a pile of 💩💩💩
— Peter Brandt (@PeterLBrandt) July 7, 2024
Peter Brandt generally supports only BTC, stressing his dislike for Ethereum in several tweets published earlier this year. However, he admitted that as a trader he would trade even ETH if there were a chance to make a profit on it.
