Peter Brandt: Bitcoin shows a bearish signal

2026-03-27 05:05:32

Golden Finance reports that on March 27, the famous trader and chart analyst Peter Brandt, who previously successfully predicted the 2018 Bitcoin crash, published a chart this morning indicating that the Bitcoin price chart has formed a rising wedge pattern. This is a typical bearish signal, suggesting a potential downside breakout.
The chart shows that Bitcoin bounced from the January low of about $60,000 to around $71,000 in March, but the wedge’s upper and lower trendlines converge, with the current price hovering in the $65,000–$70,000 range.
On March 10 and March 16, Peter Brandt had accurately predicted a short-term rebound in Bitcoin through technical analysis.

BTC-1,85%

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