According to veteran trader Peter Brandt, he wants to buy more Bitcoin when it hits $53,000. The crypto community thinks Brandt is calling for a Bitcoin price drop.
Veteran trader Peter Brandt quits crypto Twitter after $53,000 Bitcoin price prediction
The crypto community can sometimes be harsh on its influence. Especially when they think their favorite coin might go down sooner or later. And now, they think Bitcoin will drop to $58,300.
“Charts of interest to me. I am interested in buying BTC around $53,000 and ETH around $4,030”, Brandt tweeted.
Source: Peter Brandt/Twitter
In addition to Bitcoin, Brandt attached an Ethereum chart with a visual prediction of Ethereum, which he wants to buy when it hits $4,030. The predicted Ethereum price correlates with the previous local high reached in September.
Immediately after receiving negative comments from Bitcoin and Ethereum holders, Brandt clarified that he is not a bear and does not want to sell Bitcoin or Ethereum and is only sharing his thoughts on the current market situation.
Shortly after, Brandt tweeted that he was taking a break from the crypto market and focusing on traditional markets like commodities and stocks because the communities around them, according to Brandt, are more adult.
Read more:
- Bitcoin Price Meets Strong Overhead Resistance, Bears Are Attempting To Stall The Next Upward Move
- After Scoring Big Gains In “Uptober,” Bitcoin Price Is Struggling To Remain In The Green This November