Peter Brandt doubted the fall in the price of bitcoin below $2000
The trader called the forecast for a decrease in the rate of the first cryptocurrency by 80% unserious. Analyst Colin Muller said that he prevents the rise in the price of BTC to $20,000.
Trader Peter Brandt called the forecast of the popular analyst snooker frivolous about the decline in bitcoin to $1200 after halving. In February, snooker suggested that a “triangle” figure formed on the first cryptocurrency chart. Its upper border passes through the local maximums of $20,000, $14,000, and $10,500, set by the price of the coin since the end of 2017.
According to the snooker chart, now the cryptocurrency rate is near the resistance line, expressed by the upper border of the triangle. If the price of a coin cannot overcome this level, it will enter a phase of long-term decline, the analyst admitted. According to his forecasts, in this case, the main digital asset by March next year may fall in price to $2100, possibly up to $1200. But Brandt did not agree with this scenario.