Peter Brandt predicted the fall of bitcoin to $ 28,000

Bitcoin will test the level of $ 28,000, said the trader and head of Factor LLC Peter Brandt.

The expert drew attention to the pattern, which the price of the first cryptocurrency has formed since the beginning of the year, and the breakdown of its lower border.

“The completion of the bear canal usually leads to a decrease equal to its width. In this case, to the hard test $ 32,000 or around, but I think $ 28,000, ”Brandt commented on.

He emphasized that the forecast does not make him a “hatching of Bitcoin”.

On May 1, the quotes of the first cryptocurrency updated the local minimum lower than $ 38,000.

In April, the former CEO and co -founder of BitMEX exchange, Arthur Hayes, predicted Bitcoin falling to $ 30,000 at the end of Steph Curry of the first half of the year. He associated this with a possible decrease in the NASDAQ 100 (NDX) index, with which digital gold is strongly correlating.

Arcane Research analysts confirmed that the statistical connection of Bitcoin and the NASDAQ index has reached a maximum since July 2020.

However, at the end of the year, the fintech experts who took part in the Finder survey await the quotes of the leading cryptocurrency at levels above $ 65,000 with subsequent growth.

Hayes does not doubt Bitcoin, who predicted a rise in prices up to $ 1 million by the end of the decade.

Recall, according to Brandt, digital gold will return to the bull stage of the market in May 2024.