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Trader who called 2017 Bitcoin price crash raises concerns over 'double top'
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Bitcoin (BTC) could be forming a so-called "double top" pattern after falling by over 30% from its record high of $69,000, suggests Peter Brandt, a veteran trader known for correctly calling the crypto market top in December 2017.
The bubble has been popped. Bull market in $BTC over for some time. For analog look at Gold chart from 2011 on wards pic.twitter.com/AUSiGH0eCg
The Factor LLC CEO recalled Bitcoin's inability to extend its price rally above its previous all-time high near $65,000 after a second try. Meanwhile, he illustrated an immediate support level for the BTC price at a so-called neckline near $30,000 while alerting about further declines below this key level.
In detail, traditional chartists perceive the formation of two
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