U.Today – Old-school commodities trader Peter Brandt posted a tweet, engaging the community in a discussion about BTC patterns and possible price movements of the cryptocurrency.
He also criticized the second-largest cryptocurrency, Ethereum, in the comments below his tweet.
Brandt says Bitcoin will not reach $44,000
Peter Brandt addressed his followers on the X platform to ask for their opinion on a Bitcoin double top pattern he spotted on a chart. Apparently, Brandt decided to put the community to the test and asked them whether Bitcoin had completed the double top or not.
He warned that if the answer is yes, then a minimum target price for BTC would be $44,000 as it is a reversal pattern.
In the comments thread, Brandt admitted that the pattern is not yet complete for Bitcoin as all conditions have not been met.
Peter Brandt attacks Ethereum and defends Bitcoin
Sypheon Online founder Ferruh Danaci commented on Brandt’s tweet, criticizing Bitcoin and praising Ethereum. He called Bitcoin “useless crap” and “a useless toy for whales,” while he believes Ethereum is real.
In return, legendary trader Brandt referred to ETH using three poop pile emojis.
Peter Brandt generally only supports BTC and highlighted his dislike for Ethereum in several tweets posted earlier this year. However, he admitted that as a trader, he would trade even ETH if there was a chance of making a profit on it.
This article was originally published on U.Today
