.PeterLBrandt Veteran trader gives scary indication on Bitcoin (BTC) price action BTC $BTC
lost its key price level of $25,000. In today's trading, Bitcoin tumbled as low as $24,750 as its price dropped below $25K for the first time since March.The declines began shortly after the Federal Reserve's June meeting ended, when it was announced that interest rates would remain constant for the time being but that two more increases were anticipated later this year.
This week, price movement was muted and sentiment was unfavorable as a result of the Securities and Exchange Commission's lawsuit against the two largest cryptocurrency exchanges, Coinbase and Binance, which further froze the market.issues a warning on Bitcoin's price. In a new tweet, Brandt stated that Bitcoin might be on the downside for now. The"now" here might refer to the short or intermediate term; however, the context remains unknown.
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