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Benzinga
Benzinga
Business
Madhukumar Warrier

Veteran Trader Sees 'Real Possibility' Of Bitcoin Rallying To $69,000

Veteran trader and Factor Trading founder Peter Brandt said that apex cryptocurrency Bitcoin’s (CRYPTO: BTC) recent price action is similar to its market structure in April 2019 before a huge rally.

What Happened: Brandt said on Twitter that Bitcoin’s current pattern — called an ascending triangle — is similar to the structure almost three years ago, when Bitcoin bottomed out at $3,500 before seeing a sharp rally.

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