news 
Legendary trader Peter Brandt has warned that the current situation in the cryptocurrency market could be a trap for bulls, and Bitcoin (BTC) is no exception.
According to recent tweets from @CarpeNoctom, a popular crypto analyst, it seems like the bears are getting ready to pounce. The tweet suggests that if Bitcoin does not see an immediate reversal of its current downward momentum, there is a high risk of the cryptocurrency collapsing back to the $60,000-$70,000 range.
In his recent tweets, Brandt stressed that this could be a trap for bulls. He urged investors to be cautious and to avoid making impulsive decisions based on emotions.
As of Sunday evening, Bitcoin’s price had dropped to an intraday low of $81,769 before recovering slightly to trade at around $83,091. The cryptocurrency has been facing immense pressure due to global trade tensions, with a significant correction expected in the near future.
The recent tweet by @CarpeNoctom suggests that bulls will need to step up their game if they hope to prevent a catastrophic collapse of Bitcoin’s price.
Source: https://u.today/legendary-trader-brandt-warns-this-bitcoin-pattern-could-be-a-trap
