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Bitcoin may suffer several corrections on its way to $200k, suggests Peter Brandt Bitcoin may suffer several corrections on its way to $200k, suggests Peter Brandt

Bitcoin may suffer several corrections on its way to $200k, suggests Peter Brandt

Peter Brandt, veteran trader and author of โ€œDiary of a Professional Commodity Trader,โ€ pointed out that while Bitcoinโ€™s (BTC) price could reach $200,000, history shows that itโ€™s prone to massive corrections of 30% or more.

Bitcoin may suffer several corrections on its way to $200k, suggests Peter Brandt

Cover art/illustration via CryptoSlate

Peter Brandt, veteran trader and author of โ€œDiary of a Professional Commodity Trader,โ€ pointed out that while Bitcoinโ€™s (BTC) price could reach $200,000, history shows that itโ€™s prone to massive corrections of 30% or more.

โ€œIn the 2015-2017 bull market in $BTC, there were nine corrections exceeding 30%.

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