Peter Brandt Indicates Another Bitcoin Sell-off
Crypto Guide
Live News

Peter Brandt Indicates Another Bitcoin Sell-off

March 23, 2020      Vandana Malik

There is huge volatility that has been going on in the financial market which has caused a huge impact on bitcoin prices as well. Peter Brandt has indicated that there might be a further sell-off for bitcoin. 

Brandt worries that bitcoin might go down to $2,000 if the condition does not start to improve.

Recently, Tuur Demeester tweeted that he is not worried as the bitcoin won’t be affected due to the current volatility in the market. Replying to this tweet, Brandt said whether he will change his mind if the chart ends a bear flag.

Continued bearish trend spotted in the bear flag by Peter Brandt

As it has been mentioned in the bear flag by Brandt, there is still a very strong downward movement in the crypto market. It has been seen that on March 12, bitcoin has gone down by 48 percent which is its third-biggest fall in entire history.

In the bear flag, it has been indicated that the bearish trend of the price of bitcoin will further continue. This is because the market situation does not seem to get better in the near future.

Earlier, Brandt has also specified that bitcoin might rise up to $100,000 which could be considered its highest target. Currently, the price of bitcoin is $5,913.

People still hopeful with bitcoin

Even after such a huge fall in bitcoin’s price which has been considered the third-biggest fall, people are still hopeful of its revival.

Demeester while replying to Brandt has said that he is not going to change his ‘bullish stance’ on bitcoin. Until and unless there are not any fundamental changes in the market, he is not going to change his mind.

You May Also Read.

READ  Saifedean Ammous vs Peter Schiff on Sound Banking, Gold & Bitcoin
#Bearish trend #Bitcoin prices #Bitcoin sell-off #Peter Brandt #Third-biggest fall #Tuur Demeester
Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.