After studying the historical data, the legendary trader Peter Brandt came to the conclusion that the recent fall in the price of Bitcoin for $ 3,000 was not so deep.
The recent 30.5% correction in BTC is mild compared to the many corrections in the 2015-2017 parabolic advance. $ BTC pic.twitter.com/L8eihNscav
– Peter Brandt (@PeterLBrandt) 2 linens 2019 r.
“The recent correction of Bitcoin by 30.5% is insignificant compared to the multiple price drops during the parabolic phase 2015-2017”
Thus, Brandt probably hints that growth will soon resume with a new force.
In response to Brandt, a Twitter account, FTraderX, attached a graph showing the current parabolic growth phase.
A bounce soon? #BTC #BitcoinIsBack #cryptocurrency pic.twitter.com/65hCICCCQE
– FTraderX (@ftraderx) 2 linis 2019 p.
“Is there a rebound soon?” Asked FTraderX rhetorically.
Earlier, Peter Brandt expressed the opinion that during the current rally, the Altcoins will not demonstrate the “X's” , as in 2017.
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