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Legendary Trader Peter Brandt Highlights Major Bitcoin Problem

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Veteran trader noticed tendency that might become issue for trend in future

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Significant institutional investment fueled the previous bull run, pushing Bitcoin to all-time highs. But these investments have slowed down in the current cycle, which has made the correction worse. A key test for Bitcoin is the current correction. We might see additional declines and possibly test the lower bounds of the uptrend that began in 2022 if the price is unable to hold above important support levels.

 

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