How low could Bitcoin go in the next bear market? Bitcoin’s parabolic advance has broken, and veteran trader Peter Brandt says prices could slide as low as about $25,240, roughly an 80% drop from recent highs. Brandt’s analysis centers on Bitcoin’s breach of a parabolic support curve that has defined every major bull cycle since 2011. Bitcoin investors, do you know:1. Bull cycles have experienced exponential decay2. BTC’s bull cycles have undergone parabolic advances3. The violation of previous parabolas have all declined
Veteran Trader Peter Brandt Warns Bitcoin Could Slump to $25,000
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