"Hump Slump Bump Dump Pump": Can Bitcoin 🚀 to $110k?
Veteran trader Peter Brandt has 👀 👀 👀 on Bitcoin, suggesting it might be repeating its notorious "hump slump bump dump pump" pattern. 📈📉📈📉📈
This wild ride 🎢 involves:
* Hump: A small price increase.
* Slump: A sharp correction.
* Bump: Another small rise.
* Dump: A significant drop, potentially below the initial hump.
* Pump: A powerful surge to new all-time highs. 🤑
Brandt first spotted this pattern during Bitcoin's 2017 bull run, and he's not afraid to give it a catchy name! 😎
On December 29th, he shared a chart hinting at a potential $110,000 target for Bitcoin if this pattern plays out. 🎯 But hold on! ⚠️ Brandt believes Bitcoin needs to dip lower first. 📉
He's also eyeing a head-and-shoulders pattern on the chart, which could send Bitcoin down to $78,000. 😬
Bitcoin is currently trading near $94,000. Will it 🚀 to $110,000, or 📉 to $78,000? 🤯 Stay tuned for this thrilling rollercoaster ride! 🎢
