Peter Brandt says Bitcoin enthusiasts must “take their losses” before the biggest cryptocurrency rises.
Legendary trader Peter Brandt thinks Bitcoin will rise, in a recent tweet.
Laser eyes may have been a sign of exuberance signaling a change in intermediate trend, but #Bitcoin is still trading higher than when laser eyes became a thing (at $50,000) and we'll be seeing laser eyes until #bitcoin hits $100K. So I guess laser eyes will become passe.
— Big Sky (@bigskyoung) February 22, 2021
Brandt is referring to the # LaserRayUntil100K challenge that was on Twitter at the end of February when Wyoming Senator Cynthia Lummis and other prominent personalities were added to the list of participants.
People add the Laser Eyes effect to their Twitter profile pictures until the largest cryptocurrency reaches $ 100,000.
The hashtag spreads like wildfire to a local peak for Bitcoin. The flagship coin fell more than 26 percent from its all-time high of $ 58,354.
Brandt thinks BTC will return to these levels soon.