Investment Expert Reveals Shocking Prediction: Crypto Market Faces $100 Million Liquidation in 24 Hours
The crypto market is once again in turmoil, with $100 million in liquidations in the past day, 76% of which were long positions. Expert trader Peter Brandt has identified an inverted expanding triangle pattern on the price chart of the major cryptocurrency, suggesting a possible 17% drop to $46,000 per BTC.
Brandt also believes that Bitcoin needs to reach $74,000 to reverse the slide and start a bullish rally. Until then, the selling pressure is stronger than buying. The future of the market remains uncertain, but Brandt’s insights offer valuable guidance.
In conclusion, investors should brace themselves for potential volatility in the crypto market. It’s crucial to stay informed and make strategic decisions to navigate these challenging times and protect your investments.