The bearish crypto market that is dominating again has brought Bitcoin price predictions to fall to US$13,000. However, this could still fail even if the odds were low.
Veteran analyst and senior trader, Peter Brandt, has accurately predicted a drop in the price of Ether (ETH), to US$1,200, when the price was still around US$1,800.
Of course, this led his Twitter followers to glance at his predictions on the price of Bitcoin (BTC), which he sees has the potential to fall even deeper, to $13,000.
Bitcoin Price Could Touch US$13,000?The crypto market has increasingly languished since the US central bank, the Fed, took aggressive policies in raising interest rates, quantitative tightening, and releasing assets such as bonds. This has further exacerbated the bearish flows created since November 2021 in the crypto market, whose relationship has grown stronger with the stock market as risk appetite has waned.
Investors are increasingly frightened by the prospect of inflation, even hyper-inflation, which sends a lot of money into the US dollar. The index of the US currency also shot to a 20-year high due to the Fed's aggressive steps.
In the midst of the sluggish crypto market, Peter Brandt, who is one of the most popular analysts on Twitter, has a new view on the price of Bitcoin.
According to his technical analysis, the price of this major cryptocurrency could fall to US$13,000, but there is still a chance it won't happen, even if the chances are slim.
I don't mean anything, I just wanted to ask all of you.
What do you think about this news?
Source :
https://blockchainmedia.id/harga-bitcoin-bisa-gagal-menjadi-us13-ribu-ini-syaratnya/In recent weeks, can often see the emergence of many threads with questions regarding what will happen to bitcoin price or at what level bitcoin price will stop. Most often, these questions bother beginners, apparently because they have a slight (or not so) panic from what is happening, but the old users remain calm and don't lose their minds and composure, judging by their comments.
Why not? I don't rule out reaching 13k $ price for bitcoin. Crypto community has repeatedly seen similar falls and old users are not emotional about this, because this has already become a pattern for this industry.
What do I think of this news? I think 13k $ would be a great opportunity to accumulate cheap bitcoin. Focus on positive opportunities, not negative thoughts.