Tagpeter brandt

Bitcoin's the Only 'Crypto With Real Value': Anti-Altcoin Analyst

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bitcoin price chart

Are you holding cryptocurrencies other than bitcoin? If so, you might want to overhaul your portfolio. That's because an expert in classical charting principles warns that buying altcoins is not a wise investment decision. Not now, not ever. Altcoins Are 'Lead' to Bitcoin's 'Gold' Earlier this week, Peter Brandt took to Twitter to remind altcoin maximalists that bitcoin is the king of...

Bitcoin Surge Obliterates $68 Million in BTC Shorts on BitMEX

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bitcoin price

Bitcoin (BTC) is back in positive territory today. Yesterday’s surge of nearly 8% on Bitstamp saw BTC shoot back past $10,000 and then briefly clip the $10,750 mark on Tuesday. Most of the cryptocurrency market followed, with only a handful of altcoins in the red. Bitcoin Price Booms Amid Mammoth Short Squeeze While the bulls are celebrating this short term reprisal, the bears are hurting...

Bitcoin Price Could Crash Below $3,000 in Brutal Worst-Case Scenario, Warns Trader

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Chart, bitcoin, bitcoin price

The bitcoin price is at risk of a swift and painful reversal after its parabolic move to $13,868. That’s according to veteran trader Peter Brandt. Brandt says the worst-case scenario is an 80 percent retracement from the 2019 high, implying a fall below $3,000. This bearish scenario would come into play if bitcoin breaks the current parabolic pattern. “If current parabolic phase is violated, we...

XRP Price Could Soar More than 60% Based on Technical Signals: Analyst

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XRP

By CCN Markets: On June 6, author and chartist Peter Brandt (@PeterLBrandt) took to Twitter to share his bullish view on Ripple’s price action. In his tweet, he mentioned two cryptocurrencies flashing bullish signals against Tether US (USDT): Litecoin and Ripple. While he did not specify the targets for Litecoin, he emphasized two target prices for Ripple, which are 0.5688 and 0.6260. Peter...

3 Reasons Bitcoin Will Race Toward a New Record High at $20,000

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bitcoin price

By CCN: The bitcoin price surged as much as 7.60-percent on Friday to establish a new 2019 peak at $5,796.93. The uptrend pushed bitcoin's year-to-date rally to an impressive 54.08-percent. At the same time, it brought the asset's total recovery to an astounding 82-percent and set the cryptocurrency well on its way to a fresh record high. Here are three factors that indicate the bitcoin price has...

$50,000: Crypto Guru Reveals Dizzying Bitcoin Price Target

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bitcoin price target

The crypto rally has lots more runway ahead, even if the bitcoin price appears stuck. Trader and classical chartist Peter Brandt revealed his bullish prediction of $50,000 for the bitcoin price, which is currently holding steady at $5,000. Investors must exhibit some patience, however, as it won't happen overnight. Brandt expects that it will achieve this level over the next two-to-three years...

Bitcoin Ridiculously Overbought - One Trader Says it Will Still Go ‘Parabolic’

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bitcoin price

Now that the bitcoin price has broken above the $5,000 mark to set a new 2019 high, crypto traders are anxiously watching the charts to discern whether the flagship cryptocurrency will slaughter its next major resistance wall at $6,000 to triumphantly initiate a new bull market. Below, we dive into the bull and bear cases for bitcoin as traders grapple to maximize their profits when the...

$67,193: Veteran Crypto Trader Explains His Oddly-Specific Bitcoin Price Target

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bitcoin price target

Veteran trader Peter Brandt has an oddly specific bitcoin price target - $67,193.
Brandt, who boats of 40-plus years' experience in commodity trading, arrived at this figure by taking the combined value of the 33,000 tonnes of central bank-owned gold and dividing it by bitcoin's fully-diluted currency supply of ~21 million coins.