Legendary trader Peter Brandt: Bitcoin Will Be "King Of The Hill"

Also Read: Popular Analyst Predicts Looming Ethereum Price and Altcoins Crash

advertisement

Peter Brandt Bitcoin Price Prediction

Legendary trader Peter Brandt expressed a bullish view on the prospects of Bitcoin price, considering the behavior in last 24 months. Earlier, the trader predicted that Bitcoin price was likely to reach the $40,000 range. Referring to the ups and downs in Bitcoin dominance pattern for the last two years, Brandt said he was optimistic of a huge rise in BTC price if a breakout from the current level is seen.

“The Bitcoin Dominance chart has now formed a 24-month rectangle with multiple upper and lower boundary contacts. For now this is the confining range. However, a decisive breakout of this range would have huge significance.”

Overall, he said that Bitcoin could be the lone “King of the Hill” for crypto market, going forward. Currently, BTC is at 45% of the of total market capitalization among major crypto assets.

Trending Stories
Aptos Price Prediction: Bullish Pattern Setup Prepares APT for 52% Rally; Enter Today?
24/7 Cryptocurrency News
Cryptocurrencies
Is Crypto Market Back on Recovery Track? Top 3 Cryptocurrencies To Invest In May 2023
24/7 Cryptocurrency News
ETH Price Prediction
ETH Price Prediction: Ethereum Price Eyeing $2000 Milestone Amidst Recovering Week; Enter Today?
24/7 Cryptocurrency News
SOL Price Prediction: Solana Price is Poised for 15% Growth as Buyers Break this Key Barrier
24/7 Cryptocurrency News
Top 3 Memecoins To Buy In This Dip; Dogecoin, Shiba Inu, Floki Price Analysis
24/7 Cryptocurrency News

Also Read: Former SEC Lawyer Admits To Agency’s Wrongdoing In XRP Lawsuit

Comments

Post a Comment

Popular posts from this blog

BlackRock’s Bitcoin ETF Filing Draws Interest Amid Regulatory Scrutiny

Image
Join Our Telegram channel to stay up to date on breaking news coverage BlackRock has recently submitted an application for a Bitcoin ETF, collaborating with Coinbase. The SEC’s history of rejecting spot Bitcoin ETFs contrasts with futures-based approvals. Experts view BlackRock’s move as positive amid regulatory scrutiny, reflecting public interest in cryptocurrencies. BlackRock Makes Major Move with Bitcoin ETF Application Amid Uncertain Regulatory Landscape BlackRock, the largest asset manager globally, has submitted an application to the United States Securities and Exchange Commission (SEC) for a spot Bitcoin exchange-traded fund (ETF). The anticipated filing follows a report from CoinDesk earlier in the day, indicating a near approaching submission. With $9.5 trillion in assets under management in Q1 2023, BlackRock has collaborated with Coinbase, the largest US cryptocurrency exchange, for the ETF. Coinbase Custody will serve as the custodian, while the exchange’s spot
Read more

RYI Unity partners with Transak

RYI Unity partners with Transak game-changing solution that bridges the gap between the crypto and traditional financial worlds. Make your digital assets work for you by effortlessly converting them into cash. Introducing RYIPAY Wallet: A Comprehensive Overview RYIPAY Wallet is not your ordinary cryptocurrency wallet. It’s an advanced platform that merges the latest technologies with user-friendly attributes. Monitor real-time market value, effortlessly handle digital assets, and conduct safe transactions all in one convenient location. Join the RYIPAY Wallet community and unlock the full potential of your crypto portfolio. Exploring the advantages of utilizing Transak for cryptocurrency-to-cash offramp Enjoy expedient and seamless transactions with instant access to up-to-date conversion rates. Avoid the hassle of extended waiting periods or complex procedures. Enjoy complete peace of mind with Transak’s security features, which provide an unparalleled level of protection for your cry
Read more

Bad crypto bets helped to destroy Credit Suisse banker's wealth firm

A wealth firm founded by former Credit Suisse banker Francis Menassa has been forced to close its doors after a series of bad investments — including a number involving crypto — left him deep in debt. As reported by Bloomberg, the JAR Capital founder also poured money into leisure assets and a failed attempt to buy a bank. In all, his bad investments left JAR’s holding company, JAR Financial Management, owing $11 million to creditors. The company’s wealth and asset management divisions previously boasted more than $1 billion in assets.  Among the bad bets that triggered JAR’s downward spiral was a near-$2.5 million investment in London-headquartered crypto trading platform BlockEx. Despite a bright start that saw BlockEx raise $24 million in its 2018 ICO things quickly started to go south and just 12 months later, it was forced to lay off staff. Menassa subsequently struggled to offload his share of the firm when crypto prices started to plummet. Read more: Bitcoin rallies ami
Read more