Analyst Knowing Every Step Of Bitcoin: We Will See These Levels In January!
Master analyst Peter Brandt, known for his pinpoint predictions for Bitcoin (BTC), is updating his forecast for the world’s leading cryptocurrency. Peter Brandt says Bitcoin is in the middle of a parabolic rally. The successful trader published a chart in January showing that Bitcoin will surpass $ 48,000.
Peter Brandt: Bitcoin price in the middle of a parabolic rally
Successful analyst Peter Brandt, who knows every step of Bitcoin , emphasizes that Bitcoin is in the middle of a parabolic rally. Peter Brandt adds the following to his comments on the subject:
BITCOIN (BTC) HAS BEEN MOVING PARABOLICALLY AS OF SEPTEMBER 20.
Peter Brandt also says that any significant correction can occur at any point and violate the curve. However, the analyst does not think that the next retracement will signal the beginning of a long term bear market. Peter Brandt adds the following to his comments on the subject:
I EXPECT THIS CURVE TO BE VIOLATED AT SOME POINT, BUT I DON’T THINK IT WILL LEAD TO AN 80% DROP. THE GREEN CURVE IS A GREATER PARABOLIC ADVANCE FROM THE DECEMBER 2018 AND MARCH 2020 LOWS. THIS IS THE DRIVING FORCE OF THE BULL MARKET.
Legendary trader: Bitcoin could be a major correction
About three years ago, Peter Brandt became famous in the crypto market for emphasizing that a violation of a parabolic curve usually leads to a massive 80% correction. Amid the strong demand from institutional players, Peter Brandt points out a catalyst that could trigger selling pressure on Bitcoin :
POSSIBLE TAX SALE IN THE USA AFTER JANUARY 1 …
When asked if there will be an altcoin season at the time BTC corrected, Peter Brandt gave a simple answer. Peter Brandt adds the following to his comments on the subject:
FORGET ABOUT JUNK CRYPTOCURRENCIES. FOCUS ON THE TRUTH.
Peter Brandt: Bitcoin could potentially hit $ 100,000 in this cycle
Earlier this month, Peter Brandt predicted that Bitcoin would potentially rise to $ 100,000 in this cycle. Peter Brandt adds the following to his comments on the subject:
I AM COMPLETELY TALL. IN 2018, I SET ASIDE WHAT I CALL ‘THIS BITCOIN COIN’. THIS IS ALL EMPLOYMENT. IT HAS NOT BEEN USED FULLY SINCE THEN. I SCALE AND SCALE, BUT I AM COMPLETELY DETERMINED. FOR ME, THERE ARE NO SIGNS THAT BITCOIN WILL NOT CONTINUE TO RISE.