🚨Prominent commodity trader is convinced that leading cryptocurrency going to reach new peak in August 2025

✅ Peter Brandt, a well-known commodity trader, recently stated that he had spotted a short-term Bitcoin buy signal.

✅ "The pattern in Bitcoin is something I call a foot shot (Friday). This is a buy signal short term," Brandt wrote on his X social media account.

✅ The commodity trader has also noted that the current correction is the largest correction so far during the ongoing bullish cycle that started in December 2022.

✅ On Friday, the largest cryptocurrency plunged to as low as $53,917 due to the double-whammy of massive Mt. Gox repayments and significant government liquidations. The massive drop marked a 27% correction. This is significantly larger than the 21.9% correction that Bitcoin recorded in the third quarter of 2023 when the crypto king retraced from a local peak of $31,862 all the way to $24,900. As reported by U.Today, Blockstream co-founder Adam Back recently dismissed the severity of a recent Bitcoin price drawdown by pointing to previous bull cycles that had their fair share of substantial price corrections.

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