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Peter Brandt is bracing for bigger price drops as technical indicators suggest bulls will yet be spared an apocalyptic crash. Bitcoin (BTC) is expected to dip as low as $32,500 in the short term after several crucial support levels faded to nothing on Friday. BTC/USD hit lows not seen since early March on Friday, as […]
Despite the recent stagnation, Bitcoin is still up by over 150% from the capitulation lows of March’s crash. By the standards, that means that BTC’s nascent market is at exuberant levels — especially considering the dismal state of the world economy. Chart of BTC’s price action since the start of the year from TradingView.com But on-chain data […]