Veteran Trader Forecasts Sharp Drop for Bitcoin and Ethereum

Peter Brandt, who has been intimately involved with the economy for 48 years and making cryptocurrency predictions for many of those, believes Bitcoin is on the verge of losing support and could make a sharp downward move. “Downward for Now” According to Brandt, Bitcoin‘s price movement has created a critical price level preparing for a significant move, based on various indicators, including the downward 18-day moving average (MA) and 8-day MA. The closing figure is within 1 in 10 of 3%. This is the definition of price balance. ‘Hinge’ behavior. “Hinge” is a term investors use to define a moment when a significant trend reversal is about to occur in a digital asset.. Renowned Analyst’s ETH Commentary Bitcoin wasn’t the only cryptocurrency in his focus. The analyst shared his views on ETH, the king of altcoins as well. Brandt does not think Bitcoin’s closest rival will perform much differently from […] The post Veteran Trader Forecasts Sharp Drop for Bitcoin and Ethereum appeared first on COINTURK NEWS.