Veteran crypto analyst Peter Brandt, known for his accurate Bitcoin price predictions, warned of an altcoin in his recent analysis. You can check out the analyst’s popular Bitcoin price predictions here. In his current report, Brandt says the Ethereum train should not be missed. Details are on Kriptokoin.com.
Peter Brandt warns for leading altcoin
Ethereum (ETH), the second largest cryptocurrency by market cap, returned a 20% gain on Feb. 9 within the week. In this process, while Bitcoin price breached the $41,500 region, most of the top 10 altcoins could not escape the selling pressure. Peter Brandt, on the other hand, gives critical warnings for Ethereum, which has lost about 45% from the ATH price. Here are the details…
The experienced crypto analyst interpreted the chart he shared for Ethereum in his recent analysis as “This prospect is not good news for Ethereum investors.” Brandt made the following statements, which he said will be reminded of this chart in the coming years:
This prospect is not good news for Ethereum buyers. This painting will be remembered three years from now by Generation Z, who trades in their mother’s basement.
The $4700 region is shown as the ending region on Brant’s chart. After the fall, we see that a symmetrical triangle structure takes shape. Brandt believes this image is more bearish, as the symmetrical triangle shape is a “continuation pattern.” If the symmetrical triangle breaks higher, the bearish pattern will be broken at this point. The analyst’s 3-year analysis also shows that his forecast is medium-term and he accepts the possibility of Ethereum to be significantly higher than current levels in 3 years.
Peter Brant’s accurate Bitcoin predictions
While Bitcoin entered 2019 with a 14-month downtrend, Brandt said that this region is the possible bottom price in his analysis shared in the tweet below. During this period, Bitcoin was trading at levels between $3,150 and $4,200, the lowest value it saw in 2018, and was closely watched by many investors and analysts. Brandt’s predictions are also seen as one of the success predictions of the period, as they put a possible bottom point.
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