Coinspeaker
Peter Brandt Validates Possible $70,000 Bitcoin Price Prediction
Market volatility is at play, with Bitcoin currently trading around the $85,000 range and Peter Brandt backing a potential drop to $70,000
Peter Brandt Validates Possible $70,000 Bitcoin Price Prediction origin »
Veteran analyst Peter Brandt has warned that XRP could see a 50% decline if a bearish head-and-shoulders pattern confirms.
The post XRP at Risk? Veteran Analyst Peter Brandt Warns of Major Correction for Ripple’s Token appeared first on BeInCrypto.
Peter Brandt, long known for his critical stance on XRP, has stunned the crypto community with a surprisingly bullish forecast for the Ripple-affiliated coin.
Bitcoin price has formed a rare chart pattern that could push it significantly higher in the next few months, according to famed technical analyst Peter Brandt. In an X post, Peter Brandt, a popular analyst with over 700,000 followers, noted…
Peter Brandt, a popular financial analyst, suggests that the stock market is forming a rising wedge and could soon collapse. If you’ve been in the cryptocurrency space for some time, you’ve probably already heard of Peter Brandt.
Peter Brandt, a professional crypto trader, has called on XRP’s doomsday. According to Brandt in a tweet on August 14, 2019, if XRP fails to trade above $0. 24, then nothing is stopping it from sinking to $0.
Some experts in the crypto space have expressed doubt that there will be an alt season when altcoins would make significant gains similar to what Bitcoin has experienced so far. Veteran trader Peter Brandt shares this view and earlier said those expecting an alt season may be disappointed as altcoins didn’t survive the first .
The cryptocurrency market has gone on a sudden dip recently, losing over $30 billion in just a few hours. This is kind of a shock to the cryptocurrency community, but veteran trader Peter Brandt says it could get much worse.
Forty-year trading veteran Peter Brandt made the headlines earlier this month when he stated that a violation of the “parabolic phase” that started in December 2018 could ignite an 80 percent correction of the entire parabolic advance.
40-years trading veteran Peter Brandt stated that if Bitcoin continues retracing it could violate the “parabolic phase” that started in December 2018 and fall up to 80 percent from current levels, taking Ethereum, XRP, and Litecoin down with it.
Bitcoin has been jumping through hoops to escalate to its 2017 high, after which the crypto users predict a full-blown alt season. However, the price of the Bitcoin has been crashing one moment and riding the bull’s back the other.
Peter Brandt, a well known technical analyst voiced his opinion on XRP recently. Brandt believes a correction in the bitcoin market could affect other altcoins drastically. From his analysis, he notes that XRP will take a big hit and could see the price fall half its present price to $0.
Bitcoin’s exponential growth lead 40-year trading veteran Peter Brandt to (famously) believe BTC entered a new “parabolic phase. ” From its December low of $3,150 BTC could aim for a new high of $100,000, Brandt suggested.
The bitcoin price is at risk of a swift and painful reversal after its parabolic move to $13,868. That’s according to veteran trader Peter Brandt. Brandt says the worst-case scenario is an 80 percent retracement from the 2019 high, implying a fall below $3,000.
The bitcoin price movement has become quite complex and most analysts are not sure where it could be going next. The pattern has been unstable since the last week and the future seems to be getting bleaker as Bitcoin has failed to reach $12,000 again since the 30% correction experienced recently.
Изучив исторические данные, легендарный трейдер Питер Брандт пришел к выводу, что недавнее падение цены биткоина на $3000 было не таким уж и глубоким. The recent 30. 5% correction in BTC is mild compared to the many corrections in the 2015-2017 parabolic advance.
Bitcoin (BTC) has been on the rise in the bull market since April 2019. It has increased over 300% so far this year and metrics indicate it could be going much higher to reach a new all-time high.
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