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.
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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.