Analyst predicted bitcoin to collapse by 35%
According to trader Peter Brandt,
the first cryptocurrency has not yet hit the "bottom" of the correction, the achievement of which is accompanied by panic sales of the asset
Trader Peter Brandt believes that
bitcoin has not yet reached the "bottom" in the current correction. The analyst pointed out that
the correction of the first cryptocurrency always ended after trading with abnormally high volumes due to panic sales of the asset.
During the last sharp decline in the value of bitcoin to $42 thousand, which occurred on December 4, such panic sales did not occur. According to Brandt, this means that the asset's decline will continue.
The "bottom" of the current correction is at the level of $30 thousand, the trader believes.
