BTC's Parabolic Model is Finally Broken! – Experienced analyst Peter Brandt, who knows the major collapse and parabolic rise in Bitcoin, shared a new estimate of Bitcoin (BTC). Peter Brandt predicted Bitcoin would fall below $ 4,000 almost a year ago.

Bitcoin Oracle: The parabolic model of Bitcoin is finally broken

Peter Brandt, a popular commodity trader known as Bitcoin's every step-by-step analyst or Bitcoin Soothsayer, points out that Bitcoin's parabolic model was finally broken in December last year. After Peter Brandt's share, some analysts are wary of a major correction that could bring Bitcoin back to $ 7,000 and even return to rally levels of $ 4,000 and $ 5,000.

In general, when the parabolas improve in the financial markets, they improve a lot. In the case of Bitcoin, this situation is particularly important, because the presence of this crypto is an excessive volatile and early-stage investment asset. As Peter Brandt, a legendary commodity trader, said in a recent analysis, a breach of the parabola could send BTC back to the world.

A rendering $ BTC

– Peter Brandt (PeterLBrandt) July 13, 2019

Peter Brandt: Bitcoin may lose 80% of its annual high value!

In fact, Peter Brandt previously tweeted that the leader could lose 80% of the annual high value of the crypto currency. Peter Brandt made the following statement:

If the current parabolic phase is violated, we can see Bitcoin once again in four figures, with an 80% correction that removes Bitcoin's 7-month bull run. In a second possibility we can expect a smaller correction of the definition of the new parabola on the shallower slope. This will give Bitcoin the path of great ascension.

If current parabolic phase is violated, we can expect either an 80% correction of 7-month advance or much smaller correction w / definition of new parabola w / shallower slope. $ BTC Note formation of possible 2-wk H&S or H&S failure

– Peter Brandt (PeterLBrandt) July 7, 2019

The leading crypto currency, Bitcoin, traded at $ 11,150, down 3.4 percent at the time of writing. The flagship of crypto currencies currently has a market value of $ 198.7 billion. Bitcoin manages a recent 24-hour trading volume of $ 20.2 billion at market value during writing.

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