New Statement from Bitcoin Oracle Peter Brandt: “BTC Will Rise 10x Or…”

In his statement a short time ago, famous trader Peter Brandt said, Bitcoin He announced that the rally, which could increase 10 times, could be experienced in 2024.

“Bitcoin Will Follow a Horizontal Movement for 2-3 Years or Increase 10 Times”

In his new statement, the analyst said that as an alternative, the Bitcoin price may continue its horizontal course for a long time:

“BTC price could either sideways for 2 or 3 years or start a 10x bull run.”

This last prediction of Brandt has long been BTC It came in response to the statement by proponent Tuur Demeester that “Bitcoin price will explode after long-term sideways movement.”

Brandt, in his statement a short time ago, claimed that the BTC price will “ignite the bull rocket” in 2024, when the cycles in the market in the past period are examined.

BTC price has been under pressure for the past few weeks and this week it dropped below $40,000 for the first time since mid-March. At the time of this writing, BTC, which has experienced a slight recovery, is trading at $ 41,170.

However, recently, the correlation between the tech-focused Nasdaq 100 and the BTC price had reached a record high. With the increase of the FED’s aggressive attitude, investors started to abandon risky assets. The US dollar index, on the other hand, rose above 100, providing evidence for this.

It seems that altcoins are outperforming BTC, with BTC’s dominance data falling by as much as 41%.

*Not investment advice.

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