Peter Brandt, a well-known trader and author of Factor Trading Service, in his latest tweet bitcoin He made a bull forecast.
Brandt Evaluates Bitcoin Dominance
The total percentage of Bitcoin’s market cap cryptocurrency He said that the BTC dominance chart, which measures the ratio to the market, creates a 24-month rectangular formation with multiple upper and lower bound themes.
He said that a definitive break of this range will be of great importance for the future of BTC and the cryptocurrency industry.
“My view is that Bitcoin will bury all fake BTC. Eventually there will be only one “king” and that will be Bitcoin,” he wrote.
The Bitcoin % Dominance chart has now formed a 24-month rectangle with multiple upper and lower boundary contacts. For now this is the confining range. However, a decisive breakout of this range would have huge significance. My bias is that Bitcoin will bury all pretenders $BTC.… pic.twitter.com/KCS9Pt5dMx
— Peter Brandt (@PeterLBrandt) April 29, 2023
Brandt’s tweet implies that he expects BTC to outperform and outperform all other cryptocurrencies in terms of value and adoption. He also suggests that BTC is the only real and original cryptocurrency that deserves to be the market leader.
Peter Brandt is an experienced trader and writer specializing in classic charting and risk management. He has been trading for over forty years and has written several books on trading.
He is also quite active on Twitter, where he shares his views and analysis on various markets, including BTC and other cryptocurrencies.
*Not investment advice.
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