Legendary Trader Peter Brandt Predicts Pain and Pump for Bitcoin Price

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Peter Brandt predicts short-term pain but long-term gain for Bitcoin

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Despite the short-term bearish outlook, Brandt also identifies a potential for growth. His chart includes a note about a"pump," a term he has used before to describe the rebound phase in Bitcoin's price cycles. Earlier this year, when was trading at $42,300, Brandt highlighted the pattern of a"Hump with a Slump then a Pump and a Dump," noting that such movements are common in bull runs.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Solana’s $FRISE Raises $200,000 in 2 Hours, Top Dog's Gem of Summer 2024

 

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