Saturday, August 13, 2022
Home Crypto News Market Peter Brandt Poll Shows Bitcoin Bottom Not Yet In

Peter Brandt Poll Shows Bitcoin Bottom Not Yet In

- Advertisement -
Follow-Us-On-Google-News

 

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his argument by sharing a tweet that said Voyager had placed a restriction on the amount of money that could be withdrawn.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.

- Advertisement -

Disclaimer

The content is for informational purposes only and 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.

Mark Bernnan
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

IOG Says “Getting Things Right” Is The Priority After Cardano Investor Asked When Vasil Will Launch

  IOG has responded to ADA investors who are eager to know the exact date for the launch of the Vasil hard fork.  Input Output Global...

The Deputy Minister Of Digital Transformation Says Ukraine Should Launch A CBDC

Alex Bornyakov is in support of a digital hryvnia. In a four-tweet thread on Friday, Ukraine's Deputy Minister Of Digital Transformation, Alex Bornyakov, argues that...

Shiba Inu Lead Developer Gets A Harsh Response From “Can You Pet The Dog”

  "Can You Pet The Dog" Shuns Shiba Inu Game, Shiba Eternity As It Wants Nothing To Do With Crypto Projects. ...

Shiba Inu And BONE Becomes Top Trending Coins in Asia, USA, and Canada

Shiba Inu and Bone are trending worldwide. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

NOWNodes Adds Support for Shiba Inu Burn Portal Reward Token Ryoshi Vision (RYOSHI)

  The listing of RYOSHI will enable developers to build on Ryoshi Vision via NOWNode's platform. window.coinzilla_display =...

71,225 XRP Holders Now Stand With Ripple Against SEC, Deaton Says All XRP Investors Are Leaders Of XRPArmy

  The Amici attorney has commended XRP investors for their collaboration toward Ripple’s legal battle against the SEC.  ...

One Year After Burning Mechanism Launched, 2.5 Million Ethereum Worth $5B Burnt, Is ETH Becoming Deflationary?

  About 2.1% of Ethereum's circulating supply has been burned since the London hard fork. window.coinzilla_display = window.coinzilla_display...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.