Experienced businessman Peter Brandt believes that the record price of Bitcoin is just ahead of us. This is based on a graph similar to the 2015 chart.
Brandt wrote Trading Commodities Futures with Classical Chart Patterns. The cryptocurrency market has been moving for several years and after a price jump of $ 20,000 for one bitcoin predicted a fall of 80% to $ 4,000. Indeed, the correction has reached this amount and has even touched an incredible $ 3,000.
Brandt states that the current chart shows essentially the same situation as in 2015, the double bottom. The bottom occurred after the previous parabolic growth of Bitcoin, which was at the end of 2013.
Based on this information, Brandt believes that either the low in December 2018 ($ 3 130) or the re-testing of this value, Bitcoin could also get into a new parabolic phase...
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