Connect with us

Hi, what are you looking for?

ELEVENEWS

Altcoin

Altcoin Annihilation: BCH, EOS, BSV Drop by 20 Percent in Mere Hours as Peter Brandt Predicts More Woes

Trading legend Peter Brandt predicts that the Bitcoin Cash (BCH) price could tank to $127

When Bitcoin gets hit hard, altcoins tend to endure even a harder blow.

As reported by U.Today, the BTC price plunged to the $8,500 level amidst the gory sell-off. As a result, Roger Ver-helmed fork Bitcoin Cash dropped by an eye-popping 22 percent in just a couple of hours. Some other altcoins, such as EOS and Bitcoin SV, somehow managed to drop even more.         

Bitcoin Cash slumps by more than 20 percent

Image by coinstats.app   👉MUST READ

The bad news doesn’t stop there. According to commodity trading vet Peter Brandt, BCH will continue bleeding with its price potentially dropping to $127.50 (that hurts!). 

Brandt earlier predicted the complete capitulation of Ripple’s XRP, which has also dropped by 11 percent due to the broader market sell-off.  

News Source

Advertisement

Copyright © 2020 Elevenews