Trading legend Peter Brandt predicts the new Bitcoin (BTC) will hit an all-time high. Moreover, he even shared a time map for it. In this regard, Brandt published a bullish chart showing the ATH path for Bitcoin.
Here is the ATH road map for Bitcoin from the legend
cryptokoin.comAs you follow from , the leading crypto has started to give Uptober its due. Bitcoin has surpassed $35,000 twice, with strong increases in two weeks. In the current situation, it continues to consolidate below this critical level. These developments brought to mind the question of whether an ATH is possible. The answer came from experienced trader and analyst Peter Brandt. The legendary analyst shared his “plan,” which he said he has been using for nearly two years, to detail a potential time chart for the leading crypto to break the $70,000 level. In this context, Brandt made the following statements with his graph:
Anyone who proclaims to know the future path of any market is a fool. Markets will always surprise. However, with this disclaimer, I believe:
1. BTC has bottomed out.
2. New ATHs will not arrive until Q3 2024.
3. By the way, there will be a cutlet festival!
I have been using this plan for about 2 years.
Legendary analyst points to $40 thousand for BTC in the short term
Peter Brandt divides Bitcoin’s lifecycle into bullish impulses followed by periods of consolidation. The analyst suggests that Bitcoin (BTC) will break out of its long-term range in mid-2024. From what we understand from its chart, it suggests that it will then reach new highs in the third quarter of the year. Also looking at the shorter term, Brandt notes that Bitcoin’s current impulse has enough steam to move closer to $40,000 based on its convincing break above the $32,000 mark. Brandt cites a post on this subject.
At press time, Bitcoin was trading just below $35,000, a new high for 2023. Additionally, BTC increased by 2.48% on a daily basis. In addition, it is sitting on a satisfactory profit of 22.5% on its weekly chart. The leading cryptocurrency has managed to attract the attention of all market players with its recent performance.
Bitcoin will bury all imitators!
Peter Brandt previously predicted that Bitcoin would eventually become the dominant crypto asset of the space. He also suggested that it would remove most altcoins from relevance. In this regard, he made the following statement:
My prediction is that Bitcoin will bury all imitators. In the end there will only be one ‘King of the Hill’ and that will be Bitcoin… Bitcoin is an old cryptocurrency and will outlast and be more valuable than all the fake crypto wannabes.
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