The veteran investor Peter Brandt warned that the price of Bitcoin is approaching a sharp decline to $50,000 per coin 📉. He shared a chart with a unique pattern that, according to him, demonstrates that the scenario is ready for a short-term correction.
- *Brandt's Analysis*: The broad top indicates a possible trend reversal 🔄
- *Forecast*: Brandt predicts that the price of Bitcoin may drop to $80,000 and then to $58,840 📉
- *FOMC Meeting*: The Federal Reserve will announce its decision on interest rates this Wednesday, which could have immediate effects on the price of BTC 📊
The cryptocurrency market seems to be waiting for a catalyst to catch its breath 💸.
🔥 The price of Bitcoin may drop even further
💡 The FOMC meeting could have a significant impact on the price of BTC
👥 The cryptocurrency market is awaiting a catalyst
📈 Brandt's forecast is based on technical analysis
