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Topic: Despite six months of rising Bitcoin prices, Peter Brent says up to $ 50,000 cor - page 3. (Read 408 times)

legendary
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Quote
"I will use my laser eyes when $BTC experiences a $50,000 correction and many of you swap your lasers for tears."

Quote
Brandt is now predicting a rise of 250%

From what I see... I would not rely much on this guy's predictions Smiley
He's just following the trend and adjusting his expectations by that.
Good call with the newer article, @tinopener
legendary
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I somehow expect a similar outcome but I'm having mixed feelings due to institutional investors coming out and purchasing BTC massively. I guess BTC will need a correction at some point. And since it's been strongly bullish for a while now, it only seems like the correction is coming closer and closer.

But who the hell knows? And if anything, a correction would only make me purchase more than ever before. I miss those days where weak handed people get out. They're exciting, if you know how to act at the right time.
hero member
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Yesterday, Bitcoin closed its sixth consecutive monthly green candle. This trend had not happened since 2013.
The last time the trend was acted like this, Bitcoin price had a 55% correction, from $140 to $62.
Given that Bitcoin is in the midst of confusing acceptance by institutions and traders, it may be argued that this time things are different. However, Peter Brent believes that Bitcoin can still see a "correction of up to $ 50,000" and made fun of the laser eye campaign:
"I will use my laser eyes when $BTC experiences a $50,000 correction and many of you swap your lasers for tears."

Source: https://u.today/bitcoin-just-finished-its-sixth-month-in-the-green-but-peter-brandt-warns-about-50000-correction
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