Veteran Analyst Peter Brandt Warns Of Bitcoin Plunging To $28,000 If This Pattern Is Validated.
03 May 2022, 08:00
Veteran Analyst Peter Brandt Warns Of Bitcoin Plunging To $28,000 If This Pattern Is Validated
Bitcoin is off to yet another alarming start after last month’s candle closed erringly bearish. Despite price printing two bullish candles this week, it is still below previous intra-monthly high lows which set it up for a rough week, should the price fail to break above $40,000.
As of writing, Bitcoin is down 15% in the last 30 or so days to $38,214, with altcoins bearing the biggest brunt. Bitcoin’s current price level has thrown pundits into a guesstimating frenzy with multiple scenarios being mapped out.