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”.
Quick poll — open until 18:30 Eastern
Has Bitcoin $BTC bottomed
— Peter Brandt (@PeterLBrandt) June 23, 2022
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his argument by sharing a tweet that said Voyager had placed a restriction on the amount of money that could be withdrawn.
Lots of bank holidays forthcoming in crypto/nft space
This is like an iceberg — the real danger is with the iceberg below the water line https://t.co/XModk4ctAh
— Peter Brandt (@PeterLBrandt) June 23, 2022
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.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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