Veteran trader Peter Brandt, known for accurately predicting the epic decline of Bitcoin from $ 20,000, states that the leading cryptocurrency is on the verge of signaling a big buy.
Peter Brandt: Bitcoin is on the verge of signaling a big buy!
Peter Brandt, who knows Bitcoin's many moves, claims that the leading cryptocurrency is on the verge of giving a big buy signal. Peter Brandt, CEO of trading company Factor Trading Co., shares a chart showing that the crypto king is ready to break out of a symmetrical triangle dating back to 2017. According to the analyst, BTC must now close the week above the $ 11,100 level for approval.
Peter Brandt cites massive Bitcoin purchases by payment giant Square and business intelligence firm MicroStrategy as key factors influencing the price of Bitcoin. The two companies collectively bought $ 500 million worth of Bitcoin last month. Peter Brandt adds to his comments on the subject:
Peter Brandt: Bitcoin could exceed $ 100,000 in its current long-term cycle
In January, Peter Brandt said that Bitcoin could exceed $ 100,000 in its current long-term cycle. In March, with the impact of the epidemic, Bitcoin and altcoins also crashed along with the global markets. Due to this situation, Peter Brandt announced that he sold his BTC assets last month and is waiting for dollars.
Lider kripto para birimi Bitcoin, yazım sırasında ufak kayıplarla 11.360 dolar seviyesinden işlem görüyor. Kripto paraların amiral gemisi şu anda 210,3 milyar dolarlık bir piyasa değerine sahip. Bitcoin yazım sırasında piyasa değeriyle 20,8 milyar dolarlık bir son 24 saatlik işlem hacmini yönetiyor.