Veteran Trader Peter Brandt Warns Further Fall of Bitcoin
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Veteran Trader Peter Brandt Warns Further Fall of Bitcoin

March 13, 2020      Vandana Malik

Since the depth of crypto winter, it has been seen today that bitcoin has sunk below $4,000 for the first time. A Veteran trader named Peter Brandt has warned that it could fall even more in future.

The rapid change in the financial markets could be seen as a major factor because of which there has been a fall in the crypto market. The travel ban between the U.S. and Europe will contribute even more to this situation. 

The veteran tweeted today, predicting that coronavirus might be the major reason behind the fall of bitcoin. It has been seen earlier also that Brandt has predicted the market crash very precisely. 

According to Brandt, the price of bitcoin would be below 80% of the ongoing price. 

Brandt believes bitcoin chart could hit $140,000

bitcoin chart

While the time of crypto winter, Brandt has correctly predicted the spike in the price of bitcoin and the price of bitcoin raised twice its price in the mid of July. 

He also believes that there could be a boost in the bitcoin chart up to $140,000.

Coronavirus restrictions causing a downfall in the crypto market

From the last two years, the bitcoin has seen the lowest as today it has fallen under $4,000 before recovering back to $1,000.

As far as the prices of Altcoin is considered, it also suffered huge damage. Ether (ETH), Bitcoin Cash (BCH) and XRP are among those that suffered huge losses. BCH has faced a loss of 42.85%, ETH has dropped by 43.06% and XRP is below $0.13.

Coronavirus is severely affecting most of the Blockchain conferences all over the world. Ethereum conference 2020 that is EDCOM has also been cancelled due to COVID-19 and the Nitron Summit 2020 of South Korea was also cancelled. Simultaneously CME Group which was about to launch the Bitcoin futures in the U.S. will also close the trading floor today.

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#Altcoin #Blockchain conferences #Coronavirus #COVID-19 #Crypto Market #Crypto Winter #Financial market #Peter Brandt #Travel ban
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.