'Negative' Bitcoin daily chart means bulls must defend $29K — Peter Brandt

Cointelegraph

Published Jul 01, 2021 12:35PM ET

Updated Jul 01, 2021 02:20PM ET

Bitcoin (BTC) needs to stay above $29,000 to preserve the bullish case in the short term, famous trader Peter Brandt has warned.

In a tweet on July 1, Brandt, well known for his shrewd BTC price calls in recent years, warned that the onus was on bulls to show Bitcoin's strength.

Peter Brandt's BTC/USD annotated chart. Source: Peter Brandt/ Twitter

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