Popular trader Peter Brandt, previously predicted the fall of the bitcoin exchange rate after the asset reaching a high of 2017, presented a forecast of the movement of BTC. According to experts, is currently the cryptocurrency is in the fourth cycle, heralding the imminent beginning of a new phase of growth. Such arguments Peter Brandt shared with the readers of his microblog.
— Peter Brandt (@PeterLBrandt) September 1, 2019
The expert drew attention to the fact that, in his opinion, at the moment, representatives of the crypto community is the last chance to buy bitcoins at a low price. Further, according to his statements, the course of bitcoin will no longer stoop to such values.
It is noteworthy that the theory that currently, BTC is one of the stages of parabolic growth, supported by the expert during a long period of time. Peter Brandt notes that the behavior of bitcoin is very different from other assets, he has observed during a long period of time.
As the prospects for long-term trading, the trader noted the level of $100 thousand. Specialist compares the behavior of bitcoin prices at the moment with the figures recorded during bearish markets 2015 and 2018. In his opinion, the approaching having become the “epicenter” of active growth of most capitalized cryptocurrencies.
Recall the last time bitcoin is in a sideways movement, part of which amount of correction. The latter, according to
the founder of the Bank Galaxy Digital Mike Novogratz, should not be considered as a pressure “bears”.