Peter Brandt believes Bitcoin will fill recently appeared gap and plunge
, the recent move toward $27,000 has been driven by a wave of liquidations following the collapse of SVB bank and an ensuing bank run. This turmoil in the traditional financial sector has prompted many investors to turn to cryptocurrencies as a safe haven, protecting their assets from the market crash fueled by the failure of banks.
However, Brandt's observation of the unfilled gaps suggests that Bitcoin might not be immune to a potential downward move. If the gaps theory holds true, the market might return to these levels, leading to a decline in Bitcoin's price. It is essential for traders and investors to keep a close eye on the market and be aware of the potential implications of these gaps.
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