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27 September 2020

Bitcoin’s $12.5K pump didn’t do much to impress Peter Brandt

Bitcoin’s $12.5K pump didn’t do much to impress Peter Brandt


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When Bitcoin kept rising higher after surpassing its $10,500 resistance, much of the crypto space felt a sense of great optimism. Brandt, however, said he remained skeptical, referring Bitcoin's position near the top limit of a symmetrical triangle chart pattern as his guide

"Piercing the boundary of a symmetrical triangle really doesn't mean anything," he said, referencing the asset's subsequent price fall into support after failing to break out of the pattern. "I just have a really hard time getting excited about crypto here," Brandt said

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