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Bitcoin pushed past $112,000 on Wednesday, giving bulls something to cheer about. But legendary trader Peter Brandt says the rally isn’t guaranteed just yet.
While he’s still holding a long position on BTC, Brandt warns that a drop below $107,000 could flip the script entirely.
This is something you want to know. Read on!
Breakout Pattern Spotted but It’s Not Without Risk
Brandt’s latest chart shows Bitcoin breaking out from an expanding triangle, also called a broadening wedge. This pattern is marked by a rising lower trendline and an upper line…
