Peter Brandt warns recent BTC rally is a trap, says bottom not in

Veteran trader Peter Brandt has analyzed that the recent Bitcoin rally is merely a technical rebound within a classic downward channel, U.Today reported. Brandt emphasized three times that a bottom pattern for Bitcoin has not yet formed. He is focusing on a potential downward channel that began with the low in February, predicting that the price will fall back toward the lower boundary after hitting the top of the channel.