Peter Brandt: it may be the best time to buy Bitcoin

Veteran Trader believes that it can be a better time to buy Bitcoin because of the huge fear in the market. 

Since the end of 2021 and the beginning of 2022 the crypto market is facing huge corrections. Few of the corrections were part of the internet outages in Kazakhstan and few of them were because of the new decisions of the US government, in particular the announcement of the Calendar to hike interest rate four times this year. 

Peter Brandt, Veteran Trader, indirectly suggested considering buying Bitcoin because bitcoin price is under huge fear and the majority of the Bulls are not intending to buy Bitcoin.

Through the tweet post, Peter noted that the lowest level of Bitcoin price will be around $30,000 per Bitcoin. In this way, he suggested buying Bitcoin but at the same time, he suggested indirectly that traders can wait further to buy at $30,000. 

I find it fascinating that many (not all) on social media who wore laser eyes in Mar/Apr and predicted a rocket shot for $BTC in Nov now are predicting that the $30k level will be violated

When bulls wear laser eyes — time to SELL
When bulls become bears — time to BUY???? pic.twitter.com/ytchaFLDfN

— Peter Brandt (@PeterLBrandt) January 30, 2022

Besides the technical points of view as per graph analysis, Peter suggested to follow basic moves. 

Bitcoin price 

Today again a small crash took place in the crypto market and that resulted in a small correction. 

According to the Bitcoin trade price of the Binance exchange, the price touched $36,632 lowest. At the time of writing this article, the price of Bitcoin is $37,000, which is 2.88% low over the last 24 hours. 

Now in this situation the majority of the expert traders in this industry believes that the market will not see more correction because the Current price of Bitcoin and other flagship assets are already low and also no more negative news may enter this market. 

As per Experts’ point of view, a second big correction may take place in the last week of February because in the last week of February people will only see the first hike in the interest rate, which was scheduled by the Federal Reserve to take effect in March.

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