Amid the fall in the crypto market, analyst Peter Brandt warned that BTC charts are signalingfurther decline.
Brandt noted that if you interpret the signals on the charts “without bias”, the bottom is “below $ 1000”. This is at least -80% of the current price of $ 5200.
Well-known analyst with experience in traditionalmarkets in recent years has given extremely optimistic forecasts regarding the price of cryptocurrencies. Last summer, he stated that the price of Bitcoin would reach $100,000 dollars.
Over the past few days, the price of BTC has dropped significantly. Having broken through the resistance at $6,000, sellers continued to reduce the price of the asset.
Tonight the fall continued, the minimum was set below $4,000. In the morning, the price of Bitcoin managed to recover slightly, and at the time of writing, the asset is trading around $5,200.
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