Peter Brandt has commented on what many analysts believe to be Bitcoin correction, refuting their arguments
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Between March 14, when the historic peak was reached, and March 20, the decline constituted 16.64% as Bitcoin landed at $61,520. Still, Brandt tweeted that he does not believe this to be a big correction.Brandt stated that he has zoomed out to take a more general look at the Bitcoin chart, and he did not spot any correction on it. On the chart he showed, one can see the world’s leading cryptocurrency repeating the horizontal channel pattern .
According to his chart, Bitcoin moved in a sideways trend during 2023 and broke out of it once 2024 started. Brandt took a jab at those who are betting on meme coins and s-coins with leverage, saying that for them “any correction will=rekt.”In a comment on his aforementioned tweet, Brandt talked about the Bitcoin market's capitalization dominance over the rest of the cryptocurrency market.
Now, it is also moving in a sideways trend after surging drastically last year. The renowned chartist stated that"Bitcoin is poised to 'kill it'" on this chart, and it is targeting a 65% rise on this metric in the current bull run. He referred to other cryptocurrencies as “pretenders” and claimed that, ultimately, 99% of meme coins, and altcoins will crash to zero. “In the end there will be only one crypto standing – that is the legend BTC.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
BTC to $200,000? Peter Brandt Drops Epic Bitcoin Price PredictionBitcoin's meteoric rise to $200,000 is on horizon, fueled by Peter Brandt's bullish forecast
Weiterlesen »
Peter Brandt Predicts $200,000 Bitcoin (BTC) Peak by 2025 After Channel BreakoutCrypto Blog
Weiterlesen »
Bitcoin's Bull Run Continues as Peter Brandt Signals Healthy CorrectionPeter Brandt confirms bull trend for Bitcoin price despite sell-off
Weiterlesen »
Peter Brandt Predicts Bitcoin (BTC) Crash: What's Next?Seasoned trader and analyst predicted massive crash we are witnessing right now
Weiterlesen »
Crypto Can Hopefully Bail Out Financial System: Savvy Trader Peter BrandtOld school commodity trader Brandt has revealed who kept him from selling his BTC stash
Weiterlesen »
Crucial Bitcoin Message Sent by Michael Saylor to Community As BTC Tops $61,000Vocal Bitcoin evangelist has made an important Bitcoin call on the global cryptocurrency community
Weiterlesen »