Veteran Trader Peter Brandt Speaks Out on Bitcoin Price Rally

Bitcoin on track for fourth consecutive day of gains

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This chart construction is characterized by a"Hump," or price increase, followed by a"Slump," or price drop. The"Bump" phase shows a price rise, followed by a"Dump," which is another dip. Finally, the"Pump" phase represents major upward movement, frequently resulting in new highs.Brandt added that the"July 5 attempt at double top was bear trap, confirmed by July 13 close. Most likely scenario now is that bears are trapped.

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