Peter Brandt, well known for his accurate historical bearish predictions for Bitcoin, recently remarked that: “Bitcoin's correction may not be over,” as he does not see a bottom formed by selling in large volumes.
In a tweet shared with his 600,000 followers, Peter referred to an old tweet he had published on December 20, 2021, noting that the Bitcoin price could face a major drop. Caused by the “panic sell” force in this round.
Sneezes, however, based on current price movements and his chart analysis, Peter says, 'He hasn't seen that happen yet'.
Peter Brandt is best known as a technical chart analyst and seasoned Wallstreet veteran. However, although he is pessimistic about Bitcoin's current price direction, he previously predicted that Bitcoin could hit the $200,000 level during this bull run. But may have to endure several adjustments along the way.