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<p class="is-style-lead">Trader Peter Brandt shared his thoughts on the prospects for further movement of BTC.</p> 
<p>The trader believes that the next growth target for Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) could be the level of $43,200. The forecast is based on calculations of the expected trajectory of the asset through the measurement of technical analysis figures.</p> 
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   <p lang="en" dir="ltr">Here is another targeting technique. In the case of a flag or pennant, measure the flag pole height into the flag and project the same measurement from the last small reaction low within the flag <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> <a href="https://t.co/EylfbXS3CN" target="_blank">https://t.co/EylfbXS3CN</a> <a href="https://t.co/dXJM6HGnFr" target="_blank">pic.twitter.com/dXJM6HGnFr</a></p>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1722630163727634566?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 9, 2023</a>
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<p>Prior to this, Brandt gave a long-term forecast for Bitcoin. According to his calculations, cryptocurrency will enter an active growth phase no earlier than the third quarter of 2024 after the spring halving.</p> 
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   <p lang="en" dir="ltr">Anyone who declares they know the future path of any market is a fool. Markets will ALWAYS surprise.<br><br>Yet, with this disclaimer, I believe:<br>1. The <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> bottom is in<br>2. New ATHs not coming until Q3 2024<br>3. Chop fest in the meanwhile<br><br>I've used this blueprint for approx 2 years <a href="https://t.co/hVt0zbTOsm" target="_blank">pic.twitter.com/hVt0zbTOsm</a></p>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1717175571577516272?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 25, 2023</a>
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<p>Peter Brandt believes that the crypto market has already passed cyclical lows. Previously, against the backdrop of the <a href="https://crypto.news/year-after-ftx-collapse-what-to-expect-from-sbf-trial/">collapse of the FTX crypto exchange</a> in November 2022, Bitcoin dropped to $15,000.</p> 
<p>According to the analyst, Bitcoin is the only cryptocurrency worthy of attention. He considers all other coins, including Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>), to be scams. Brandt is confident that only BTC can survive.</p> 
<h2 class="wp-block-heading" id="btc-to-hit-1m-price">BTC to hit $1m price</h2> 
<p>Amid the backdrop of recent growth, co-founder of the BitMEX exchange Arthur Hayes said that the crypto market has already entered a bullish phase. He also predicted a jump in the price of Bitcoin and Ethereum to $1 million and $100,000, respectively.</p> 
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   <p lang="en" dir="ltr">This summer I visited the ancestors in Rapa Nui and I asked them when the bull market would arrive? <br><br>They told me to be patient, read the words of the Lord, and I would know when to YOLO. <br><br>The time is now!<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> = $1mm<a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> = $100k<br><br>Yachtzee bitches!!! <a href="https://t.co/ufV9nthSDg" target="_blank">pic.twitter.com/ufV9nthSDg</a></p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1722815182731423798?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 10, 2023</a>
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<p>Hayes made his forecast against the backdrop of a sharp jump in the rates of both Bitcoin and Ethereum. The first one surpassed the important level of $37,000, but failed to “break through the ceiling” of $38,000.</p> 
<p>This happened shortly after Bloomberg Intelligence’s forecast about the likelihood of <a href="https://crypto.news/secs-window-for-bitcoin-etf-approvals-to-open-today/">approval of spot Bitcoin ETFs</a> before Nov. 17.</p> 
<p> You might also like: <a href="https://crypto.news/analyst-says-bitcoin-etf-approval-may-be-coming-within-days/"> Analyst says Bitcoin ETF approval may be coming within days </a> </p>

Famous trader reveals next growth target for Bitcoin

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