08 Jan Bitcoin (BTC) Bull Market Has Already Started. Trading Legend Peter Brandt Explains Why
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Contents
- Three reasons to be bullish
- Are “cryptocultists” still here?
Trading guru Peter Brandt is apparently among those who believe that a new Bitcoin bull market has already started. In his new tweet, he gives three reasons why this might be the case.
Has a new bull market began in #Bitcoin $BTC?
1. Market held support at lower boundary of multi-yr channel
2. Small H&S bottom on daily chart
3. Pending penetration of 6+ mo channel
If enough cryptocultists have been shaken out since Dec ’17, then “yes”
If not, then “no” pic.twitter.com/vpKQeOKqLI
— Peter Brandt (@PeterLBrandt) January 8, 2020
Three reasons to be bullish
As reported by U.Today, BTC was trapped in the six-month falling channel after reaching its 2019 high of $13,700. However, the top cryptocurrency…
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