Trading legend and graphics expert Peter Brandt shared his new predictions. The veteran analyst predicts a massive Bitcoin boom before this year ends.
Peter Brandt: $ 200,000 and above is the level this market will see
In a new interview with Real Vision Finance, Peter Brandt said that Bitcoin could explode by about 260% from its current price of $ 56,000. The current logarithmic charts look like they were in the 2017 bull market just before Bitcoin's big upward move, according to the experienced analyst. Peter Brandt adds the following to his comments on the subject:
I think the midpoint that biüğütcoi̇n returned to for a month or two before seeing the latest rise in 2017 is at a standstill. You will realize that between 2015 and 2017 the midpoint of the bull market is about halfway or 60% of the total movement. if this is true, this indicates the type of price level ... if the interpretation of this graph is correct, $ 200,000 and above will be the level that this market will see.