Veteran Trader Peter Brandt Showcases Bitcoin as Price New Move Spotted

Veteran trader Peter Brandt has made a unique announcement, revealing that Bitcoin is one of his largest investment holdings. Brandt, who has over four decades of experience in tracking markets, shared a Bitcoin chart alongside that of gold, stating that these are his two biggest investments. He highlighted the patterns that have led to BTC price breakouts in the past and current price cycles. This declaration from Brandt comes at a crucial time for the cryptocurrency market, as Bitcoin’s price remains in a critical range, sparking speculation about potential future movements. Currently, Bitcoin is trading around $70,000 with little change in the past 24 hours. With Bitcoin’s reward halving event scheduled for April 23, 2024, some experts believe that this could trigger additional inflows into BTC ETFs and potentially push prices into the six-digit range. Brandt himself predicts that the ongoing Bitcoin bull market will peak at $200,000. Other analysts, such as Michael van de Poppe, anticipate a price top of $300,000-$600,000 in this current bull cycle, citing a strong pre-halving surge. In the short term, analyst Ali predicts a potential increase of 4.44%, targeting a price of $74,760 if BTC maintains its position above the 200 EMA and surpasses the neckline resistance at $71,580. This analysis is based on a head-and-shoulders formation observed on the 30-minute chart.