Peter Bandt Predicts Bitcoin Will Fall to $28,000

Veteran trader Peter Brandt predicts bitcoin to go down

The CEO of the global trading firm Factor LLC has predicted bitcoin to fall down to $28,000 in the short term.

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The veteran futures trader with 50 year of experience made the prediction using a 24-hour BTC/UST chart.

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According to Brandt, bitcoin is headed for a hard test of $32K or so. “My guess is $28K,” he added.

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Though Brandt is bearish on bitcoin in the short term because of technical indicators, the veteran trader made it clear that this does not mean he is a bitcoin hater.

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Last month, Brandt had predicted bitcoin could see $27-30k level in May or June.

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Currently, bitcoin is trading at just below $39,000, up 2.65% in the last 24 hours.

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For Brandt’s prediction to come true, bitcoin will have to fall by more than $10,000.

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