{"id":372938,"date":"2019-02-27T20:00:41","date_gmt":"2019-02-27T20:00:41","guid":{"rendered":"https:\/\/uniquehot.com\/?p=372938"},"modified":"2024-06-11T07:45:33","modified_gmt":"2024-06-11T07:45:33","slug":"peter-brandt-bitcoin-price-bottom","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/peter-brandt-bitcoin-price-bottom\/","title":{"rendered":"Peter Brandt Calls For 80%+ Bitcoin Price Decline Over A Year Ago With Chilling Accuracy"},"content":{"rendered":"
Bitcoin price (BTC) has fallen over 80% from its all-time high of $20,000<\/a> over the past 14 months, and has struggled to regain any bullish momentum it once had. <\/span><\/p>\n While many expected Bitcoin<\/a> to bottom at the seemingly unbreakable support at $6,000, the leading cryptocurrency by market cap fell through to find its local bottom of $3150. Bulls and bears alike were caught off guard by the sudden violent decline. However one prominent trader was able to predict Bitcoin\u2019s over 80% fall and called for a bottom target of $4,000 or below well over a year ago.<\/span><\/p>\n Peter Brandt<\/a> is a professional career trader that has traded across a number of markets, asset types and more, seeking to profit off of what patterns he\u2019s able to derive from price charts. The trader follows a simplistic approach, only making a few trades each year on an asset based on the overall price trend and bigger overall picture.<\/span><\/p>\n Related Reading |\u00a0Bitcoin Price (BTC) Undervalued By Nearly $34K According to Infamous Dickline<\/a><\/strong><\/em><\/p>\n Brandt has earned himself a name as a highly successful trader and a wizard at charting over time, in the cryptocurrency space and outside of it. He\u2019s even joined the likes of crypto influencer Tone Vays and analyst Haejin Lee to power the Bitcoin.Live<\/a> platform and offer insights to market participants at a premium.<\/span><\/p>\n General TA rule — violation of parabolic advance leads to 80%+ decline in value. If general rule is followed, BTC should retrace to <$4,000. Note: This Tweet does not make me a hater. pic.twitter.com\/jDNI1osinU<\/a><\/p>\n — Peter Brandt (@PeterLBrandt) January 22, 2018<\/a><\/p><\/blockquote>\nPeter Brandt Makes Bitcoin Bottom Prediction One Year Ago, Nails Target<\/span><\/h2>\n
\n