Market Bottomed Yesterday: Legendary Trader Peter Brandt

Veteran trader Peter Brandt believes that the market has already bottomed, according to his recent tweet.

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Bitcoin is currently up over 40 percent off its May 19 low of $30,000, currently trading at $42,018 on the Coinbase exchange.

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As reported by U.Today, Brandt tweeted a market top warning to more than 510,000 followers right on the verge of the big crash.

In early May, the chartist also claimed that the industry would face a “come to Jesus” correction.

All-consuming fear

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This is just three points higher than the reading the indicator showed on March 17, 2020, when the market was reeling from the pandemic-induced crash.

Historically, the market tends to bottom out when the fear becomes that pervasive.

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