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Bitcoin's $80,000 Warning: According to the analyst, the Bull Trend will Continue Nonetheless! - Coin Bulletin
Famous analysts Peter Brandt believes that even if Bitcoin drops to $80,000, it can still maintain its bullish trend.
As sharp price movements continue to cause concern among investors in the cryptocurrency market, famous analysts Peter Brandt and Trader Cobb warned investors via social media platform X.
Experienced trader Peter Brandt pointed out the developments in the global foreign exchange markets, stating that the dollar has shown sharp movements, while emphasizing that the Japanese Yen remained strong compared to other major currencies (JPY).
Upon this review, cryptocurrency expert Trader Cobb noted that the market is quite volatile, stating that investors are giving emotional reactions.
Cobb used the expressions "The crypto market seems to be out of control right now. I wrote an article to calm the investors down, maybe you can also share your opinions. You have a much larger follower base than me, so you can give some confidence to new investors".
Brandt emphasized that the market operates on emotion, highlighting that factors such as FUD (fear, uncertainty, doubt) and FOMO (fear of missing out) often lead to sudden rises and falls.
The famous analyst commented, “It's still too early to say anything for sure, but if I have to make a prediction, Bitcoin can maintain its bull trend *even if it falls below (BTC) 80,000 dollars.”
Experts emphasize the importance of long-term strategies while urging investors not to panic in the face of sharp market fluctuations.