Peter Brandt Suggests Bitcoin Bottom Near $42,000 Based on Historical Bear Market Cycles

Renowned trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, has stated that if Bitcoin falls to what he terms a "banana peel" technical zone, similar to past bear market cycles, the downside for bulls could be limited, with a potential bottom around $42,000. The current price is noted to be nearing this target area.

Previously, on February 1st, Brandt indicated that Bitcoin might fall to $58,000, suggesting that the bear market was still ongoing.

#crypto #blockchain #news #BTC #Bitcoin