Bitcoin is currently trading above $27,000, but trader Peter Brandt predicts that it may need to experience one more price pullback before climbing higher. Brandt warns against blindly following price analytics and advises protecting one's assets from dogmatic traders. Glassnode, a blockchain analytics firm, reports that Bitcoin is experiencing one of its tightest price ranges in the last three years and suggests that high volatility may be near. However, surging network fees due to congestion caused by unconfirmed transactions may hinder potential bull runs.
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