Trading Legend Peter Brandt Charts Bitcoin’s Path to New All-Time Highs
Veteran trader Peter Brandt has released a bullish chart that predicts new all-time highs for Bitcoin (BTC).
Brandt says he has been using this blueprint for about two years and believes that the BTC bottom is in and that new ATHs will not come until Q3 2024. He breaks Bitcoin’s lifecycle up into bullish impulses followed by periods of consolidation, and suggests that BTC will break out of its long-term range by mid-2024 and then hit new highs in the third quarter of the year. In the short term, Brandt says that Bitcoin’s current impulse has enough steam to make it near $40,000, based on its convincing break above the $32,000 mark.
At time of writing, Bitcoin is trading just underneath the $35,000 level, a new high for 2023.
Brandt has previously predicted that Bitcoin will ultimately become the ruling crypto asset of the space, knocking out most altcoins from relevancy.
Clever Robot News Desk 26th October 2023
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