bullish

Bitcoin

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Peter Brandt, one of the most prominent commodity traders, has <a href="https://x.com/PeterLBrandt/status/1841270939901911145" rel="noopener noreferrer nofollow">weighed in</a> on Bitcoin's latest price drop, arguing that the bulls would need to reclaim $71,000 in order to regain momentum.&nbsp;
Even though the flagship cryptocurrency experienced an impressive rally in September, it did not "disturb" the seven-month sequence of lower highs and lower lows.&nbsp;
According to Brandt, only a close above the aforementioned level would indicate that the bullish trend from the low recorded in November 2022 would remain in "full force." Bitcoin is currently down 16% from its lifetime high of nearly $74,000 that was achieved in March.&nbsp;
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The bullish trend would still have to be confirmed by a new record high.&nbsp;
The leading cryptocurrency plunged to as low as $60,315 earlier today due to geopolitical jitters. According to CoinGecko data, it is currently changing hands at $61,488.&nbsp;

Prominent Trader Brandt Names Pivotal Level That Bitcoin Bulls Have to Reclaim

U_Today

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