Bitcoin's Correction Continues for Now, but Eventually It Could Go 'Parabolic,' Says Peter Brandt

Bitcoin's Correction Continues for Now, but Eventually It Could Go 'Parabolic,' Says Peter Brandt
The recent crypto sell-off could be a mere dip within a long-term uptrend. That’s according to chartist Peter Brandt, CEO of Factor LLC, a research and trading firm.When asked what it would take for bitcoin (BTC) to get to $200,000, Brandt said, “I think it’s going to take a market that’s going to go up on a parabolic basis – and that’s what bitcoin has done.”Bitcoin was trading around $37,000 at press time and is down 45% from its all-time high near $69,000 reached in November 2021. The sharp sell-off accelerated as some traders were forced to liquidate long positions…