Peter Brandt warned his followers on the social network X (Twitter) about the upcoming “bloody festival.” By this term he means the extreme volatility of the first cryptocurrency, especially against the backdrop of the upcoming halving, which will take place in the spring of next year.
The analyst also said that one of his favorite charts in recent years has been the weekly Renko chart. This chart allows you to remove many “false movements” in the price, and over the past five years the Renko chart has given only 5 errors.
“The last signal, according to this chart, was the purchase of bitcoins at $22,000. I invest part of my funds based only on Renko charts,” said the trader.
At the end of July, Peter Brandt wrote that over time, Bitcoin will definitely become a leader in the investment industry.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
