Analyst Peter Brandt predicts bitcoin will fall to $ 13,000 before reaching a new all-time high

Cryptocurrency analyst and investor Peter Brandt has predicted that the flagship cryptocurrency will fall to $ 13,000 before reaching a new all-time high. The analyst is convinced that in about 32 months, bitcoin will reach impressive levels, but Brandt did not specify which ones.

According to Peter Brandt, bitcoin always drops on the eve of any major milestone, and this should happen in early 2023, when the BTC will fall to $ 13,000. According to the analyst, the US Federal Reserve System (Fed) does not intend to ease monetary policy. Brandt suggested that in order to fight inflation, the Fed will raise the interest rate by another 75 basis points at least twice by the end of 2022.

As for the future, Peter Brandt believes that cryptocurrencies will become «the main means of saving» in the next 10 years. And bitcoin will cease to depend on other markets: «In the end, bitcoin will only correlate with bitcoin.»

In June, Brandt already predicted a drop in the value of BTC to $ 13,000. The analyst said that the bear market would progress during 2022−2023, but at the time, there was no talk of historical highs.