Famous trader Peter Brandt quoted his own tweet published in 2022 in which he predicted that Bitcoin would not reach its all-time high until early 2024. Brandt has been trading commodities since the 1970s. Additionally, he is known as one of the most talented traders in this field. He frequently publishes charts on Bitcoin and some other leading cryptocurrencies. Meanwhile, Bitcoin has surpassed the $66,000 price barrier, moving closer to the historical peak in 2021.
Brandt shared a message in mid-June two years ago. tweetHe referred to . He stated that he had completely forgotten this. In the tweet in question, the trader said that the world’s leading cryptocurrency He expressed his expectations that the unit will not reach its all-time high until early 2024. However, he emphasized that “we will be in a strong upward trend until then.” Brandt’s prediction turned out to be correct. Because Bitcoin has been on a massive rise since the beginning of the year and is up more than 50% so far. The all-time high has not yet been reached. However, with the Securities and Exchange Commission approving spot Bitcoin ETFs in mid-January, BTC actually entered a strong uptrend.
Peter Brandt “I had forgotten about this Tweet about Bitcoin. “It shows that a broken clock is right twice every day,” he noted.
Golly gee
I had forgotten this Tweet “X” about Bitcoin. Just goes to show a broken clock is right twice each day $BTC@TuurDemeester https://t.co/GK0BxSZQycNEWS CONTINUES BELOW— Peter Brandt (@PeterLBrandt) March 4, 2024
The analyst published a BTC chart with monthly candles last week. Brandt explained that monthly candles can be “breakout” or “starting” candles, and they can also be “ending” or “breakout” candles. He is of the opinion that the market is currently witnessing a “startup” candle. Thus, he stated that he expects the BTC rally to continue.
Bitcoin Rises Above $66,000
In the last 24 hours, the leading digital currency is up over 8%, rising from the $61,530 region to over $66,000. BTC’s growth today was approximately 5.41%, pushing BTC to the $66,450 region. However, it later retreated to the $66,000 level at the time of writing this news. Overall, over the past week, Bitcoin has increased by a massive 29%, rising from $51,187 to the current level of $66,000.
