Bitcoin Is Not That Easy To Reach $ 200,000. This is the Prediction! - Kakiforex | Forex markets for the smart money. Bitcoin Is Not That Easy To Reach $ 200,000. This is the Prediction! Bitcoin Is Not That Easy To Reach $ 200,000. This is the Prediction!

February 22, 2021

Bitcoin Is Not That Easy To Reach $ 200,000. This is the Prediction!

 Veteran investor Peter Brandt predicts that in the current Bitcoin (BTC) phase, the crypto king could jump up to $ 200,000.


In a Twitter tweet uploaded earlier this morning, Brandt has cast a ballot with four options for the expected correction (correction) that Bitcoin will go through before reaching $ 200,000.


In the 2015-2017 bull market in $ BTC, there were nine corrections exceeding 30%


Since the Mar 2020 low, there has been only one such correction


How many more corrections> 30% will occur before Bitcoin reaches $ 200,000?


- Peter Brandt (@PeterLBrandt) February 21, 2021


On average put confidence in the second option where Bitcoin is expected to face at least one to 6 corrections.



This is reminiscent of the bullish market in 2015 to 2017, where there were 9 corrections, over 30%. Meanwhile, since the low level on March 20, there has only been one big correction like that.


At the same time, only 10% believe the currency is at its peak after setting a record high all-time high (ATH) last night, $ 58,354. And 16% believe Bitcoin will not face any major correction.


Previously, Brandt had tweeted that Bitcoin was in its third parabolic phase after exceeding $ 50,000.


However, after this the currency will continue to soar and that is why some major corrections are expected to occur.


Last month, a 31.54% correction occurred on Bitcoin starting at a high of $ 42,000 (January 8) to $ 28,883 (January 22) before rebounding in early February.