Peter Brandt Revises Bitcoin Outlook, Suggests Potential Dip to $58,000

Renowned trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, has recently indicated that Bitcoin could fall to $58,000. His accompanying chart analysis suggests that BTC is nearing the lower boundary of a logarithmic channel, signaling a continuation of the current bear market. This marks a shift from his prior prediction made just days ago, where Brandt had forecast a bottoming and subsequent surge for Bitcoin between August and October.

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