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Peter Brandt Poll Shows Bitcoin Bottom Not Yet In

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A Poll Was Conducted By Crypto Analyst, Peter Brandt, On Twitter To Determine If Bitcoin Has Hit Rock Bottom.



A crypto expert by the name of Peter Brandt has taken to Twitter in order to conduct a poll in which he asks his followers whether or not they believe Bitcoin has hit its nadir. There were 9,200 persons that participated in the poll, and 53.3% of them selected the “No” option, while 24.8% selected the “Yes” option, and 22.7% selected “Not sure”.

 

Peter Brandt is the analyst who rose to prominence when he correctly predicted the crypto winter of 2018. If the price of Bitcoin is unable to recover to the level of $32,000, he has predicted that it will continue to fall until it reaches the level of $13,000.

Peter Brandt is one of the most famous analysts in the crypto industry. He has approximately 50 years of expertise in the business, and after forecasting the crypto winter of 2018, he rose to prominence within the community.

Yesterday, Peter Brandt, who happens to be a seasoned trader with a great deal of expertise in the market, it’s possible that the challenges that different crypto companies are now facing are simply the tip of the iceberg.

The original problem certainly has a more fundamental cause that must be addressed. Peter demonstrated his argument by sharing a tweet that said Voyager had placed a restriction on the amount of money that could be withdrawn.

 

The trading legend also claimed in a recent tweet that the price of Ether, which is the world’s second-largest cryptocurrency by market capitalization, might plummet to as low as $300. This prediction was made around a week ago.

The value of the altcoin dropped as low as $881 on Saturday, marking the first time since December 2020 that it has reached such a low point. According to CoinMarketCap data, the price of ETH has increased to $1100 after a short-lived but welcome relief bounce; nonetheless, the prevailing mood is still quite negative.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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