Bitcoin Experts Say to Expect the Next Big Crypto Crash Very Soon
Updated: Aug 11
Expert market analyst Peter Brandt says Bitcoin is ready for a sharp correction. So, buckle up, all you Bitcoin traders, investors, and enthusiasts, because a change in the market is coming for everyone.
On Twitter, Brandt explains to his 636,800 followers that Bitcoin is nearing the end of its bear cycle. He estimates the incredibly popular digital token will fall to USD 32,000, potentially even USD 28,000.
Brandt states he's not against Bitcoin but emphasizes that the signs of a future decline are visible. When sharing his thoughts, Bitcoin was hovering around USD 38,605, about 40% away from Brandt's prediction. If and when Bitcoin falls in value, it'll be interesting to see its impact on other cryptocurrencies, especially when seeing which ones are left standing.
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