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E-money exchange rating

Popular Analyst Predicts Bitcoin (BTC) to Reach $28,800 in Few Days

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Popular Analyst Predicts Bitcoin (BTC) to Reach $28,800 in Few Days

Several cryptocurrency experts believe that after Bitcoin (BTC) failed to hold onto its $37,000 support and fell by more than 10%, the world’s most popular cryptocurrency would lose more of its value. Peter Brandt, a seasoned Futures and FX trader who has been trading since 1975, is one expert who has made similar forecasts for Bitcoin.

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Veteran Analyst’s Bitcoin Prediction

Based on Brandt’s forecast, the Bitcoin price may go up to $28,800. According to Brandt, Bitcoin and other digital currencies saw their values plummet due to irrational trading despite the deluge of good news that poured into the sector this week.

Brandt in a Twitter post said:

 “The news and events reflecting the fundamentals of a market do not matter. Of importance is how a market is responding to the flow of news & events. If the news is bullish for a market, but the market is not responding accordingly, then we know that the market has big problems.” 

It was projected using a graphic based on Brandt’s study that the world’s biggest crypto by market capitalization may decline to $28,805 within days. The Luna Foundation Guard (LFG) revealed a few days ago that it had raised $1 billion in a private token sale. Bitcoin-dominated $UST Forex reserve will be established using the $1 billion in funds obtained by the business; it has been revealed.

Even though many expected the news might lead to a jump in the value of Bitcoin, traders seem to be more concerned with other matters, including escalating tensions between Russia and Ukraine, future interest rate increases by the Feds, and the cryptocurrency executive bill.

Popular Analyst Predicts Bitcoin (BTC) to Reach $28,800 in Few Days

Source

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