As Bitcoin experienced a sharp decline at the start of the new week, analyst Peter Brandt with 50 years of experience shared his views on the cryptocurrency's future trend.
Current Bitcoin Situation
The decline in Bitcoin prices began this week, causing concern among investors and traders.
Peter Brandt's Opinion
Analyst Peter Brandt stated that while Bitcoin prices could fall further, potentially below $80,000, the overall trend remains bullish.
Peter Brandt highlighted that although a drop below $80,000 is not a prediction, the trend remains positive.Peter Brandt
FUD and FOMO Issues
Brandt noted that factors like fear of missing out, uncertainty, and doubt (FUD) often create volatile market conditions. However, he believes it's too early to determine the direction of Bitcoin's price movement.
Despite the current fluctuations, Bitcoin continues to maintain a bullish trend, while the market situation remains unpredictable.
