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- Peter Brandt is one of the biggest bitcoin analysts in the world who has based his analysis of Cardano’s market prediction on the Head and Shoulder pattern (H&S).
- He believes the currency has formed an “ugly” pattern on the charts.
- Before Cardano’s Market prediction, Peter Brandt also speculated bearish patterns for Bitcoin soon.
The Grand Statement By Brandt
Founder of the global trading firm Factor LLC, Peter Brandt, sent out a massive claim regarding Cardano’s market condition. He believes the currency has formed an “ugly” pattern on the charts. This is the same Peter Brandt, known worldwide for his correct prediction regarding the crashing of crypto markets in 2018. He claimed to his community on Twitter, which comprises 668,000 followers, that Cardano’s market is ready to face a huge downturn.
Peter Brandt is one of the biggest bitcoin analysts in the world who has based his analysis of Cardano’s market prediction on the Head and Shoulder pattern (H&S). This is one of the most common action patterns that predicts a downturn in the market. He explained that in the following Tweet.
What About The Future of Bitcoin?
Before Cardano’s Market prediction, Peter Brandt also speculated bearish patterns for Bitcoin. The most famous cryptocoin has created a bearish pennant pattern. These patterns are leading the way for the currency to crash even further. And this crash, according to Peter Brandt, is coming soon.
“When it looks like a pennant and acts like a pennant, it is often a pennant.”
(Statement)
But don’t lose hope! Still, most investors and analysts are very bullish on Cardano’s market if we talk economically. The crypto analyst Micheal van de Poppe believes that Cardano’s market can possibly shoot up around 17% soon.
As of this writing, Bitcoin’s market price is trading at $19,774 while Cardano’s market price is trading at $0.43, which is down 3% on the day.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
