RATE Group | Veteran Commodities Trader Offers Bitcoin Price Warning
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Veteran Commodities Trader Offers Bitcoin Price Warning

19 Dec Veteran Commodities Trader Offers Bitcoin Price Warning

Posted at 22:43h in Bitcoin News by

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A veteran commodities trader who was responsible for one of the most accurate price calls in cryptocurrency history has spoken about where he believes the price is now heading. Peter Brandt correctly predicted that the speculative mania surrounding the Bitcoin price was over back in January and that the asset would lose 80% or more of its value.

According to Brandt, the Bitcoin price has followed a well-established pattern this year. He also believes that the market is not finished bleeding just yet.

Could the Bitcoin Price be Heading to $1,200?

The 71-year-old, experienced trader spoke to Yahoo Finance recently about last year’s prediction and about where the market is heading both in the short and long term.

Brant Tweeted his original Bitcoin price collapse prediction at the start of this year, just as the bubble had begun to burst:

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