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

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(BTCPeter Brandt (a veteran trader, who accurately called the crypto market’s top in December 2017) suggests that ) might be creating a “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 indicated a support level for Bitcoin at $30,000, while warning about possible further drops below it.

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