Bitcoin Price Correction Can Take a Long Time
<p>Peter Brandt, who has been a futures and FX career trader since 1975 and the author of the Factor Report, warned investors that bitcoin price correction can take some time. In a tweet, he highlighted the bitcoin price correction lengths in the past - 21 months till hitting the next new high in 2013, 40 months in 2017, and 36 months in 2020.</p>
<p>Brandt didn’t make an estimate of how long the correction will take this time. However, recently he shared his “scared trading rule”, according to which one may never add to a losing trade. Brandt also criticized bitcoin’s proponents for regularly hyping the cryptocurrency regardless of the price.</p>

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