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Peter Brandt Believes Bitcoin Actual Price is More Than Indicator

Vandana Malik by Vandana Malik - 05:13 PM May 28, 2020
Peter Brandt Believes Bitcoin Actual Price is More Than Indicator

Veteran trader Peter Brandt who always comes with various opinions regarding Bitcoin has now come up with another one. Recently, he has tweeted regarding the price of Bitcoin. Be believes that people should focus more on the actual price of Bitcoin because it is much more important than any kind of indicator. He has also said that all the indicators have been derived from the actual price of Bitcoin.

Brandt is not against derivatives 

Brandt has shown how important it is to focus on the actual price. Through focusing more on the actual price, the traders will be able to observe and ascertain about it. Crypto market is quite uncertain and there is not any guarantee of anything so it becomes extremely important to keep note of the price trend. Along with this, he has also said that he is not against using any kind of derivatives. He just wants traders to focus on one indicator which is the actual price other than focusing on various indicators. By going through many indicators and predictions, the traders will end up getting confused and nothing will be clear. Recently, Brandt also criticized the chart which indicated towards a drastic fall of Bitcoin in the second half of this year.

Bitcoin price does not speak everyday 

Even though it is important to keep note of Bitcoin’s price, it does not mean that going through every chart will indicate something. Brandt believes that Bitcoin does not speak everyday, instead it gives several hints once in a while and there are very few traders who are able to listen to those. Brandt also keeps predicting about Bitcoin price once in a while and gives various opinions regarding the same. Back in April, he also tweeted that Bitcoin price might reach an all-time high to $50,000. Even though he has mentioned that there is only a 50 percent chance for the same.

About The Author
Vandana Malik

Vandana MalikI have received my Master of Arts degree in English from GEHU, Dehradun. Currently working as a content writer with Agio Support Solutions and earlier worked as a news editor at Business News and Information Services Private Limited. An enthusiastic content writer, aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing my own knowledge as well.

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