Bitcoin

He Predicted 80% Bitcoin Drop, Now He Was Right Again In Predicting New Bull Market

Peter Brandt, a veteran trader with nearly 4 decades of trading experience, previously called the 80% price drop of 2018 – and also predicted a bull run, which appears to be right.

The market is currently just under $8000 and does not look like it’s going to drop sharply. There has also been a string of positive news, which is really adding to the idea that we may be in a bull run.

That string news includes Amazon subsidiary Whole Foods accepting crypto, Microsoft building its decentralized service, and Bakkt preparing for User Acceptance Testing (UAT) of its bitcoin future contracts.

Tom Lee, Fundstrat CEO, has pointed to technical indicators, saying that a bull run may be 5 – 6 months away. The start of that bull run may just be happening.

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

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Abhimanyu Krishnan

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