Bitcoin, the largest cryptocurrency by market capitalization, has shown significant weakness in today’s trading session after failing to continue on its instant price rally following yesterday’s release of the April CPI report at 4.9%. So far, the trading week has been negative for the alpha cryptocurrency as it is seen to decline further on its sixth consecutive bearish candle on the daily timeframe. In addition, the legendary crypto trader, Peter Brandt, has raised concerns and a sound warning about a potential bearish chart pattern formation which the alpha cryptocurrency is seen to complete on the daily timeframe. Will Bitcoin Bulls Yield To This Potential Bearish Chart Pattern Formation Earlier today, the legendary prop trader, Peter Brandt, identified a potential head and shoulders chart pattern forming for Bitcoin on the daily time frame. Related Reading: Bitcoin Rebounds From $27,100 After Spike In Bearish Sentiment Peter Brandt had sounded a warning in a tweet on Thursday morning urging BTC traders and investors to pay serious heed and attention to this bearish chart pattern if it forms successfully. A head ..
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