Peter Brandt Explained Why Bitcoin Could Fall to $0
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15 March
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Well-known trader of classical charting principles since 1980 and author of #1 Amazon trading book "Diary of a Professional Commodity Trader" Peter Brandt has explained why he had to change his mind on the price of bitcoin (EXANTE: Bitcoin).

Bitcoin Collapses to $5,000

Last year, Brandt said that bitcoin could possibly go beyond the $100,000 mark. Back then Brandt explained his optimistic view as no other market in his 45 years of trading had gone parabolic on a log chart in that manner.

"Bitcoin is a market like no other," Brandt said then.

As for now, the trader sees a pessimistic outcome for the largest by market cap cryptocurrency.

Earlier iHodl reported that a well-known bitcoin Michael Novogratz said that the recent bitcoin drop might be caused due to the loss of investors' confidence.

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