Peter Brandt posted to suggest that Bitcoin will drop to $58,000

Famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, hinted this morning that Bitcoin will drop to $58,000. The attached chart shows BTC near the lower bound of the logarithmic channel, suggesting a continuation of the bear market.

The day before, Peter Brandt predicted that "Bitcoin will bottom out and rebound between August and October, then soar."