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

Libra Coin News
Wed, 09/25/2019 - 06:34
Alex Dovbnya
Trading legend Peter Brandt predicts that the Bitcoin Cash (BCH) price could tank to $127     
Cover image via www.peterlbrandt.com

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.         

Image by coinstats.app   

Related
Trading Legend Peter Brandt Predicts More Pain for Ripple's XRP, Bitcoin Cash, and Litecoin

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.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.