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01 March 2021

Bitcoin Slides Over 13%, Veteran Trader Peter Brandt Suggests BTC Will Peak at $200k but Hints of Possible Deep Corrections – Markets and Prices Bitcoin News

Bitcoin Slides Over 13%, Veteran Trader Peter Brandt Suggests BTC Will Peak at $200k but Hints of Possible Deep Corrections – Markets and Prices Bitcoin News


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Veteran trader Peter Brandt has implied in a tweet that bitcoin will go through deep price corrections before it gets to the $200,000 mark.

Brandt points to the 2015-17 bull run when bitcoin went through similar corrections about nine times as the precedent the crypto asset might follow.

Consequently, Brandt is asking his Twitter followers to predict the number of similar 30% price corrections that they expect to see before BTC ultimately gets to the $200,000.

Some users appear to agree with Brandt’s suggestion that there will be many corrections before the $200,000 price is achieved.

Do you agree that BTC will go through many corrections before it reaches the $200,000 mark

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