Popular crypto analyst and trader Peter Brandt says Bitcoin’s price has not topped following last week’s dip.
In a tweet published on November 26, Brandt claimed last week’s price pullback was not an indication that bitcoin’s bull run had come to an end. He predicted the correction would linger further, but the price of BTC had yet to reach a top.
A previous tweet by Brandt examined Bitcoin’s 2015 – 2017 bull market, culminating in the last all-time high near $20,000.
According to the crypto analyst, there were nine significant price corrections with an average decline of 37% from high to low.
Brandt also found that all-time highs occurred on average fourteen weeks apart, giving some indication that Bitcoin’s current bull run could extend into 2021.
Brandt speculated that a similar correction of 37%, which would take Bitcoin’s price to $12K, could cause panic selling, in particular from weak-handed investors.
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