Veteran trader who called 50% gold crash buys Bitcoin
Aug 21, 2026 3:48 PM
Technical analysis is failing, and even the legends are guessing. Peter Brandt, who famously called the 1980 gold collapse, just abandoned his bearish conviction to buy a breakout he previously said had a 60% chance of failing. This sudden reversal comes as $1.19 billion in shorts were liquidated in a single day during Bitcoin's strongest week in years. If a trader with 50 years of experience can’t trust his own bearish signals, is chart-based predicting actually dead? What’s your take?
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