Experienced Trader Peter Brandt Identifies Bearish Pennant Pattern on Bitcoin's Daily Chart, Caution Advised

05/24 17:35

Bitcoin (BTC) has experienced intermittent declines and dropped below the $27,000 threshold, leading experienced trader Peter Brandt to identify a bearish pennant pattern formed by the asset on its daily chart. According to Brandt, the pennant signals a short-term bearish price movement for Bitcoin unless the asset is able to close above the mid-point highs.
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DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

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