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The crypto community follows Peter Brandt ’s updates closely because of his accurate predictions on Bitcoin price. While he remains bullish on Bitcoin hitting $40000, bearish sentiment is rising due to the recent turn of events. advertisement Peter Brandt Predicts Bitcoin Price Fall Amid Debt Ceiling Crisis Veteran trader Peter Brandt in a tweet on May 22 predicts that Bitcoin price can break below the $26,800 level. After the correction, Bitcoin price will continue to move higher. Earlier, he recommended going long on Bitcoin and predicted a BTC price target of $40,000 . According to his Analysis , BTC price risks falling to $24,800. GoinGape Media also reported the same level after on-chain data and technical indicators pointed to an upcoming fall in Bitcoin price. A drawdown in BTC price offers investors to buy the dip. Recommended Articles Crypto Telegram Channels List 2023 [Up...

Bitcoin Price Analysis : Amid the recent sell-off in the crypto market, the Bitcoin price failed to sustain above the recently reclaimed $30000 psychological level. As a result, the coin price falling for three consecutive days has registered an 8% drop and plunged to the current price of $28065. Moreover, this recent downfall also breached a support trendline of a rising channel pattern, indicating a higher possibility of a significant correction.  advertisement Key Points Multiple technical support concentrate near the $27000 creates a strong accumulation zone A Breakdown below $27000 will put Bitcoin price under 7.3% downside risk The intraday trading volume in Bitcoin is $21.5 Billion, indicating a 7% gain Source- Tradingview Over the last four weeks, the Bitcoin price witnessed a sustained recovery under the influence of a rising channel pattern. The buyers have been using this dynamic support as stepping stones to reclaim...