Trader Peter Brant called the recent 42% rise in bitcoin a dead cat rebound
Well-known trader with many years of experience Peter Brant concluded that the growth of bitcoin from $ 7,200 to $ 9,900 in the end of October was actually a rebound of a "dead cat."
This term in trading refers to strong growth during a downtrend, which can be misleading and give false hope for a change in the market. But after the rebound, the price returns to the initial level of support and then goes even lower.
It is difficult to disagree with the opinion of Peter Brant, but if he had done it earlier, he would have been much more useful.