The Price Trend Revelation of $BTC
Experienced trader Peter Brandt has made a statement that Bitcoin might currently be following a mysterious path he calls the 'Camel Peak Crash Impact Sell-Off Surge'. Just hearing that name is enough to pique one's curiosity, but this is not just idle talk; Brandt has studied Bitcoin's price chart for a long time.
This pattern is quite interesting, as the price first rises slightly, then retraces, rises again, suddenly plummets to a low point, and finally surges to a new high. Brandt noticed this pattern back in the 2017 Bitcoin bull market and gave it such a unique name.
According to the Bitcoin chart he shared on Sunday, he believes the target price for this pattern could exceed $110,000. But don't rush; he mentioned that to reach this target, it may have to experience some ups and downs first.
He also mentioned that Bitcoin has to drop first for this pattern to be realized. One possible scenario is that Bitcoin will form a head-and-shoulders pattern, which has a target price of $78,000.
Currently, Bitcoin's price is still below $94,000. Let's put it this way: if you want to invest in Bitcoin following this pattern, you'd better keep your eyes wide open to see clearly, as this trend is quite elusive.
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