Peter Brandt Calls Current BTC Correction ‘Mild’, Hinting at Further Price Surge

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Wed, 07/03/2019 - 11:43
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Yuri Molchan
🌟💱The famous old-school trader Peter Brandt comments on the current Bitcoin price correction as a mild one, which could mean that he expects BTC to resume surging⌛💶
Peter Brandt Calls Current BTC Correction ‘Mild’, Hinting at Further Price Surge
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Peter Brandt’s tweets and forecasts regarding BTC are always welcome and watched out for by the community. 

This time, in a recent tweet, he commented on the recent Bitcoin price correction, saying that compared to previous retracements this one proved to be rather mild.

Previous BTC price corrections

Looking at a table with data of Bitcoin price retracements from 2015 to 2017, Peter Brandt pointed out that the BTC reverse in 2019 was much smaller than previously – in the past, sometimes BTC dropped over 40 percent, like in September 2017 or November 2015.

This time, the correction totalled around 30 percent. At press-time, Bitcoin is rising again, trading at $11,282 with an over 12-percent growth.

Previous BTC price corrections
CoinMarketCap.com

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CNBC’s ‘Fast Money’ ‘Chart Master’ says: $20,000 is not nuts

Two weeks ago, an analyst from CNBC’s show ‘Fast Money’ predicted that Bitcoin would be trading above $10,000. 

He has got that right so far and now, analyzing the drops and rises of the Bitcoin price from 2017 to 2019, he states that the next target Bitcoin will reach would be $20,000.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

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