Renowned crypto trader Peter Brandt shared his insights on the crypto market and the trajectory of BTC. Brandt, who has over 650,000 followers on his X account, made a post where he mentioned that BTC hit a bottom in November 2022 and has entered an upward phase.
Brandt expressed that the new ATH for BTC will likely come towards the end of 2024.
Peter Brandt Makes Striking Statements! Crypto analyst and BTC maximalist Peter Brandt made some striking statements. Brandt, supported by a chart he created, claimed that Bitcoin (BTC) has passed its potential bottom area and has started to rise.
In his post, Brandt emphasized that it is not possible to predict the future direction of any market. The analyst underscored that markets are always prone to surprises.
The famous analyst stated that BTC has hit a bottom and that the bottom area has been surpassed. On the other hand, Brandt argued that the new ATH (all-time high) for BTC will not arrive before the third quarter of 2024. Brandt mentioned that he has been following this plan for nearly two years.
Furthermore, Brandt gave an interesting response to a follower who suggested he discover Chainlink (LINK). The analyst said to the follower, "I am sticking with BTC, and I'm not distracted by imitators."
BTC has seen a strong rally, influenced by ETF news. The rise of BTC has revived bullish hopes ahead of the halving scheduled for the second quarter of the next year. Brandt's upward predictions align with the halving period.
Bitcoin operates without a central authority or bank, using peer-to-peer technology. The m...
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