CandleFocus $300K per Bitcoin? Chart of Trading Legend Brandt Implies Massive Rally
2024-09-22
Author: Content Editor
Commodity trader Peter Brandt predicts that the Bitcoin/gold ratio could surge to 123, implying a potential Bitcoin price surge to $300,000. Brandt bases his bullish outlook on the inverse head-and-shoulders (iH&S) pattern forming on the BTCUSD/GC1 chart. He believes the pattern, combined with other technical indicators, indicates a bullish reversal. Brandt also disputes Bitcoin critic Peter Schiff's claim that gold will outperform Bitcoin in the future. Previously, Brandt predicted Bitcoin could reach $150,000 in the current cycle, with the potential to achieve this price level next year. At present, Bitcoin is trading at $62,741.
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