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Trader who called 2017 Bitcoin price crash raises concerns over ‘double top’ -Breaking

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© Reuters.

(BTCPeter Brandt (a veteran trader, who accurately called the crypto market’s top in December 2017) suggests that ) might be creating a so-called double top pattern. It has fallen by more than 30% since its record high of $69,000

The Factor LLC CEO RecamedAfter a second attempt, Bitcoin failed to sustain its rally beyond its $65,000 previous record. He also indicated an immediate support level at the Bitcoin price near $30,000 and warned about any further falls below that level.

Weekly price charts with double-topped pattern. Source: TradingView, Peter Brandt
Daily price chart for BTC/USD with 200-week EMA support. TradingView
BTC/USD Daily Price Chart with RSI Bouncing Source: TradingView, @IamCryptoWolf