Bitcoin Forecast by Top Trader Brandt Reaches $150,000 by September - Key Details Explained
Swaggerin' Data: Bitcoin's $125k+ Climb with a Catchy Side of Crypto Volatility* Peter Brandt's bullish call for Bitcoin sends crypto community stirring
Veteran trader Peter L. Brandt, known for his five-decade stint in the trading biz, has shared a tantalizing Bitcoin price prediction recently. Brandt's chart analysis points towards a potential bullish run reaching the coveted six-digit realm by late autumn. However, there's more to this story than meets the eye.
Hear ye, hear ye! The $125k+ Bitcoin wave, but beware the dot-con double-cross
Brandt's research revolves around a parabolic arc pattern, a price chart dynamic frequently hinting at abrupt price fluctuations. These fluctuations are often preceded by impressive reversals[1]. In 2017 and 2021, Bitcoin followed this pattern, reaching its all-time highs of $20,000 and $69,000[4]. If Bitcoin manages to overtake its dashed parabolic trendline, Brandt posits that it could soar to at least $125,000 by August or September this year or even climb higher[3]. However, the trader warns of a steep price correction, possibly surpassing 50%, following such a bullish run[1][2][5].
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Scott Melker, a crypto podcaster and fellow trader, was Tagged in Brandt's tweet, hinting at it being a response to one of Melker's Bitcoin price predictions[3].
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Chillin' in the heat with Bitcoin at $96k
Amidst all the hype and predictions, Bitcoin managed a 2.75% surge, reaching a touch of $96,700 today. Despite a minor drop-off, the bellwether cryptocurrency still clings to $96k[4].
The White House Senior Adviser Kevin Hassett is slated to announce trade tariff decisions. As markets anxiously wait for a positive announcement, such as a tariff delay or reduction, Bitcoin's price climbs in hopes of a decision that favors cryptocurrency[4].
Hashtag High Rollers: #Peter Brandt #Bitcoin #Bitcoin Price Prediction
Deep Cuts:- Brandt's projection for Bitcoin is rooted in historical price patterns likely to guide the cryptocurrency's future behavior[1].- Bitcoin, upon regaining its dashed parabolic trendline, could sail to the six-digit price range between $125,000 to $150,000 by August/September 2021[3].- Brandt advises investors to steel themselves for a substantial price correction around 50% or more following such an aggressive surge[1][2][5].
[1] https://cointelegraph.com/news/bitcoin-analyst-reiterates-20k-call-btc-price-doubling-from-all-time-high-after-api-data-shows-buying-volume-decline
[2] https://www.forbes.com/sites/liyacampos/2021/04/22/bitcoin-price-could-reach-100000-if-it-breaks-out-of-this-3000-range-are-experts-warning-of-a-major-crash/
[3] https://ca.finance.yahoo.com/video/bitcoin-price-target-150000-214802536.html
[4] https://www.google.com/amp/s/www.coindesk.com/Bitcoin-price-spikes-above-96k-for-first-time-in-three-days/amp/
- Veteran trader Peter L. Brandt, known for his five-decade stint in the trading biz, recently shared a bullish Bitcoin price prediction of at least $125,000 by August or September 2021, based on a parabolic arc pattern.
- Fellow trader Scott Melker was tagged in Brandt's tweet, hinting at it being a response to one of Melker's Bitcoin price predictions.
- if Bitcoin manages to overtake its dashed parabolic trendline, Brandt posits that it could soar to at least $125,000 by August or September this year or even climb higher.
- However, the trader warns of a steep price correction, possibly surpassing 50%, following such a bullish run.
- The finance world is buzzing with Ethereum and other cryptocurrency trading as the technology-driven finance industry continues accelerating in 2021.
- It's important to note that investors should approach any price prediction with a grain of salt and consult with financial professionals before making any large investments in Bitcoin or other cryptocurrencies. (a disclaimer)
