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Fundamental Analysis

Peter Brandt Predicts Bitcoin Surge to $150,000 Amid Strong Technical Patterns

Peter Brandt Predicts Bitcoin Surge to $150,000 Amid Strong Technical Patterns

Veteran trader Peter Brandt, with over 50 years in the financial markets, including cryptocurrencies, has recently shared an optimistic outlook for Bitcoin (BTC). He anticipates a significant price surge for the leading cryptocurrency.

Brandt’s analysis centers on a seven-month inverted expanding triangle pattern that has remained intact since March. This pattern, characterized by lower highs and lower lows, suggests that Bitcoin is poised for a substantial increase, potentially reaching as high as $150,000 per BTC. He has also disclosed that he holds a considerable speculative position in Bitcoin.

In addition to his Bitcoin analysis, Brandt offered insights on other major cryptocurrencies such as Ethereum and Solana. He mentioned a possible “cup and handle” pattern for Solana, indicating a potential upward breakout, although he remains neutral on the token.


READ MORE: ECB Sparks Debate by Suggesting $10 Million Bitcoin Valuation Could Be Possible


As for Ethereum, he identified an inverted head and shoulders pattern, which is typically seen as bullish, yet he expresses a neutral stance, having no current exposure to the asset, which he has referred to in unflattering terms.

Brandt also compared Bitcoin’s performance to that of gold, the most analyzed asset alongside Bitcoin. He pointed out an inverted head-and-shoulders pattern in the Bitcoin-to-gold ratio chart, suggesting that Bitcoin could rise over 400% against gold. Despite his bullish outlook for Bitcoin, Brandt maintains long positions in both the cryptocurrency and the precious metal.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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