‘Cryptocultists’ May Stop Bitcoin Bull Market — Trader Who Called $20K
William Suberg's original article for cointelegraph.com reduced by 80%
Bitcoin returning to a bull market depends on whether "Cryptocultists" have already exited the market, veteran trader Peter Brandt has warned. In a tweet on Jan. 8, Brandt, who has become a regular Bitcoin pundit in recent years, confirmed he was eyeing current price activity to determine the likely next move.
Brandt: Bitcoin needs "Cryptocultist shakeout". Uploading supporting charts, Brandt highlighted three characteristics that hinted at a bullish upturn for Bitcoin. His predictions have often been accurate - in 2017, he successfully called the Bitcoin market top at around $20,000 before the 2018 bear market kicked in.
At the time, he claimed any major appreciation in Bitcoin would be unlikely to spill over into altcoin markets. Bitcoin's market share subsequently increased by around 4%..
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CN [too long; didn’t read]
Summarised crypto news.