Peter Brandt Sees Bitcoin Bottoming on Oct. 4, With Drop Below $50,000 Possible

Veteran trader Peter Brandt said Bitcoin's bear market could reach its low on Oct. 4.

Cointelegraph reported on July 20 that Brandt expects Bitcoin may briefly fall below $50,000 before beginning a recovery.

Bitcoin was trading at $65,496.80 on Binance's Tether market as of 3:35 a.m. on July 21, up 1.64% from a day earlier.