CandleFocus Bitcoin to $150,000? Legendary Trader Peter Brandt Shows How
2024-10-21
Author: Content Editor
Peter Brandt, a veteran trader with over 50 years of experience, predicts a major rise in the price of Bitcoin. He analyzes the seven-month inverted expanding triangle pattern and believes that Bitcoin remains primed for a move higher to as high as $150,000 per BTC. Brandt has a substantial speculative position in Bitcoin. He also shares his thoughts on other major cryptocurrencies, noting a potential upward breakout for Solana and an inverted head and shoulders pattern for Ethereum. Brandt remains neutral on both Solana and Ethereum. Additionally, he compares Bitcoin's performance against gold and predicts Bitcoin to soar more than 400% against gold based on the inverted head and shoulders pattern. Brandt is long on both gold and Bitcoin.
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