US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Veteran Trader Peter Brandt Argues for Bitcoin's Growing Significance in the Decline ...
Veteran Trader Peter Brandt Argues for Bitcoin's Growing Significance in the Decline of Fiat Currencies
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#4b5de303 ver:0.68
Veteran trader Peter Brandt argues for Bitcoin's growing significance in the decline of fiat currencies, comparing its performance to the Dow Jones Industrial Average during the Great Stagflation of the 1970s. He identifies an inverted head and shoulders pattern in Bitcoin's chart, suggesting a potential upward price movement. Bitcoin is currently trading around $67,000, and as long as it remains above the 50-day moving average, the bullish trend is expected to persist. #Bitcoin #cryptocurrency #fiatcurrencies #inflation #trading...
#newstr #Bitcoin #FiatCurrencies #PeterBrandt #TechnicalAnalysis #InvertedHeadAndShouldersPattern
https://here.news/story/4b5de303?ver=0.68
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#4b5de303 ver:0.68
Veteran trader Peter Brandt argues for Bitcoin's growing significance in the decline of fiat currencies, comparing its performance to the Dow Jones Industrial Average during the Great Stagflation of the 1970s. He identifies an inverted head and shoulders pattern in Bitcoin's chart, suggesting a potential upward price movement. Bitcoin is currently trading around $67,000, and as long as it remains above the 50-day moving average, the bullish trend is expected to persist. #Bitcoin #cryptocurrency #fiatcurrencies #inflation #trading...
#newstr #Bitcoin #FiatCurrencies #PeterBrandt #TechnicalAnalysis #InvertedHeadAndShouldersPattern
https://here.news/story/4b5de303?ver=0.68