Bitcoin (BTC) Warning from 50-Year Analyst Peter Brandt!

Economist and author who stated that he has been trading on the stock exchange as a trader since 1975 Peter Brandt warned investors about Bitcoin in his latest statement.

The analyst with 50 years of experience said that the Bitcoin price has been He noted that it was showing a downward trend by creating lower lows and lower highs.

Brandt hinted that consecutive lower highs reflect a downtrend, and warned that Bitcoin could continue to decline.

Bitcoin, which reached a new ATH near $74,000 in March, failed to surpass this level in the following months.

Famous Bitcoin critic Peter Schiff, accused Peter Brandt of changing his mind in the face of bearish warnings.

Gold advocate Schiff asked Brandt if his warning meant he had changed his mind about Bitcoin and gold.

“Does this comment mean that you are no longer as optimistic as you were on July 19th when you warned me that Bitcoin would outperform gold by 5x? Since the date of this article, Bitcoin is down 4% while gold is up 2%.”

Does this mean that you are no longer as bullish as you were on July 19th, when you warned me specifically that Bitcoin would outperform gold by 5x. Since the date of that post Bitcoin is down 4%, while gold is up 2%.

— Peter Schiff (@PeterSchiff) August 1, 2024

*This is not investment advice.