In an unprecedented turn of events, top crypto analyst Peter Brandt’s recent remarks have raised severe concerns among investor and traders across the market. Today, Brandt took to X, anticipating another potential dip in the BTC price to $40K looming over the crypto horizon. In the wake of the United States entering into a recession, these remarks have gained significant traction across the crypto industry. Here’s a brief report on why traders and investors are currently on their toes, expecting a potential crypto crash again in the coming days.
Peter Brandt Warns Of Bitcoin Crash
In a post shared by one of the leading analysts, Peter Brandt, on X today, August 8, it was brought to attention that “there is a 50% chance BTC visits sub-$40k before the last half of the halving plays itself out.” This statement has promptly fueled speculations among investors and traders as recent market events further tilt the odds in favor of a bearish movement for the cryptocurrency sector.
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