Cryptocurrency analyst believes that the price of bitcoin will soon fall to $ 13,000

Cryptocurrency analyst and investor Peter Brandt said that the bear market will continue to progress, and the value of BTC may fall to $ 13,000 in the near future. Brandt wrote about this on Twitter.

The massive double top counts to around 13,000 https://t.co/lxOXTPTxkg pic.twitter.com/C9k8F0PqK4

— Peter Brandt (@PeterLBrandt) June 14, 2022

At the time of writing, according to Coinmarketcap, bitcoin’s value is $ 21,388 and its market capitalization is $ 406 billion, which is significantly less than a few days ago. This price of BTC is predictable: according to some analysts, including Peter Brandt, bitcoin will fall below $ 20,000. Thus, the former head of the BitMEX cryptocurrency exchange Arthur Hayes advised to sell more cryptocurrency — «it's just part of the hedging technique, otherwise you will suffer devastating losses.» Hayes also called for «praying to the father of bitcoin, Satoshi,» and hoping that the crypto winter would end someday.