Bitcoin to $150,000? Legendary Trader Peter Brandt Shows How

Peter Brandt, a ragged vendor with over 50 years of experience on the financial markets, including crypto, has shared a brand new outlook on the price of Bitcoin (BTC), predicting a indispensable rise for the important cryptocurrency.

The diagnosis focuses on the seven-month inverted expanding triangle, a key technical pattern that has been in discipline since March of this twelve months without being breached. This pattern of decrease highs and decrease lows, per the vendor, signals that Bitcoin remains primed for a indispensable transfer better to as high as $150,000 per BTC.

Placing his cash where his mouth is, Brandt revealed that he holds a huge speculative discipline within the important cryptocurrency.

Brandt moreover shared his strategies on diversified important cryptocurrencies, including Ethereum and Solana.

Solana, Ethereum or gold? Bitcoin.

Brandt successfully-known a possible “cup and care for” pattern for SOL, which could presumably attach an upward breakout, even supposing he remains neutral on the usual token.

Equally, Ethereum has formed an inverted head and shoulders pattern on its ticket chart, which is even handed a indispensable bullish pattern. No matter this, Brandt remains flat on Ethereum as successfully, signaling no most up-to-date publicity to the asset, which he most frequently referred to the usage of an depraved phrase.

Brandt moreover in contrast Bitcoin’s efficiency against gold, basically the most analyzed asset along with the important cryptocurrency.

There, the inverted head-and-shoulders pattern on the Bitcoin-to-gold ratio chart, which, as could presumably be considered on an attached chart, predicts Bitcoin to fly better than 400% against gold. Yet the ragged vendor is long both on the important metal and on the cryptocurrency.