Peter Brandt: "BTC Breaks Parabolic Trendline"
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Veteran trader Peter Brandt has warned that the Bitcoin (BTC) price has broken a parabolic trendline, a technical signal that has led to significant declines of over 80% in past bull market cycles. However, unlike previous bear markets, the current market presents powerful defensive measures, such as institutional demand and strategic reserves, which could neutralize this bearish outlook, Cointelegraph reported.
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