Crypto Crystall Ball Price Predictor Peter Brandt Wins the Bitcoin Price Forecast Analysis of 2019

Bitcoin (BTC) has fallen over 80% in more than a year even when most of the individuals were expecting it to keep growing in the future. Back in December 2017, Bitcoin was traded close to $20,000 and the market was experiencing FOMO (fear of missing out).

However, there was a crypto expert that mentioned that Bitcoin was going to be falling more than 80% during the next months. Peter Brandt wrote that violating parabolic advance leads to a decrease of 80% or more in the short term. He then said that Bitcoin should retrace to under $4,000.

This turned out to be in this way. Bitcoin fell around 82% and it reached $3,250 in some exchanges. This has been Bitcoin’s lowest price in more than a year. Clearly, there were several individuals that did not like the idea of Bitcoin falling that much. This is why Mr. Brandt received several comments that did not agree with him in the analysis.

A Twitter user called Crypto Calavera conducted a poll under his Tweet in which he asks users whether they will be selling Bitcoin under $5,000. 78% of the respondents said that they were not going to be selling BTC under $5,000. 12% said that they would be selling under that price. Meanwhile, 10% said that they’ve already sold at $1,000.

Brandt answered to this poll saying that if people say that they will not sell at a specific price they will end up selling it at a much lower price. “Welcome to human emotions 101,” he said.

In another tweet, Brandt said that Bitcoin will be the king of all the other cryptocurrencies in the market. He compared Bitcoin to Amazon or Apple. However, he warned that even when this is a revolution, the market would not go up in a straight line at all times.

Brandt has recently said that Bitcoin’s correction is complete but a retest could come or that a full correction has not yet been experienced and it could reach new lows. At the moment, Bitcoin is being traded around $3,869 and it has a market capitalization of $67.96 billion.

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