Price Prediction for Bitcoin From Peter Brandt
Renowned trader Peter Brandt, with over 50 years of experience, has warned that Bitcoin could see a significant drop in the coming weeks. Brandt highlighted a potential fall to the low $70,000s, drawing parallels to a bear flag pattern on Bitcoins chart.
This pattern suggests that Bitcoin could lose approximately 15% of its current value, with a further dip being a realistic expectation.
Despite Brandts prediction, there remains uncertainty in the market, as some analysts believe Bitcoin could break past its current price range and potentially hit $91,000.
The outlook for Bitcoin remains fluid, and whether this bearish scenario unfolds or not will depend on future market movements.
The post Price Prediction for Bitcoin From Peter Brandt appeared first on Coindoo.
Read more: https://coindoo.com/price-prediction-for-bitcoin-from-peter-brandt/
Text source: Coindoo
