Peter Brandt: it's too late to buy bitcoin

Bitcoin is in the middle, according to a trader who predicted a 2017 run and a 2018 pullback.parabolic trend.

As shown in his chart, the move began in late 2018 when BTC was trading at around $ 3,100. Since then, it has grown by 1.331%.

Brandt – analyst with 45 years of experience – noted that in ten years Bitcoin has already made three parabolic price surges.

However, he also cautioned traders looking to jump on the last wagon and invest in BTC. He wrote:

Once the parabolic trend becomes apparent, it is too late to buy. Train has already left. If you are not yet on the market, you should not go in now.

Bitcoin rate may fall by 80%

In December 2017, Brand accurately predicted the fall in the price of bitcoin after a bull run. Now he expects that at the end of this growth we will face the same strong pullback.

По окончанию параболических трендов самым распространенным исходом является коррекция на 80%.

Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies

Based on materialsu.today