Bitcoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/bitcoin-price-analysis-crypto-expert-peter-brandt-suggest-43000-as-next-target/">Bitcoin Price Analysis: Crypto Expert Peter Brandt Suggests $43,000 as Next Target</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>Peter Brandt, one of the early pioneers in the commodity hedge fund arena, has recently published a post on social media platform X (previously Twitter), indicating that Bitcoins may fire up.</p>
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   <p lang="en" dir="ltr">Here is another targeting technique. In the case of a flag or pennant, measure the flag pole height into the flag and project the same measurement from the last small reaction low within the flag <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://t.co/EylfbXS3CN" rel="noopener noreferrer nofollow">https://t.co/EylfbXS3CN</a> <a href="https://t.co/dXJM6HGnFr" rel="noopener noreferrer nofollow">pic.twitter.com/dXJM6HGnFr</a></p>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1722630163727634566?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 9, 2023</a>
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<p>In a recent tweet, Peter Brandt illustrated three chart patterns on the Bitcoin chart and hinted at their potential outcomes. The price trend would send Bitcoin beyond $43,000 if it were confirmed. After demonstrating to his X followers how to determine the probable objective for a pennant or flag formation, Brandt predicted that Bitcoin might rise as high as approximately $43,289 should this pattern hold.&nbsp;</p>
<h2 class="wp-block-heading" id="h-possibly-different-outcomes"><strong>Possibly different outcomes?</strong></h2>
<p>Pennants and flags are patterns of short-term continuity that denote a brief period of consolidation before the resumption of the previous rise. That is why Brandt also plotted a head and shoulders bottom for Bitcoin with a lower target of $35,135 and a higher target of $41,341. In the same situation, he offers a $37,803 lower objective and a $39,432 upper target if a rectangle pattern on the Bitcoin chart is validated.&nbsp;</p>
<h2 class="wp-block-heading" id="h-bitcoin-s-value-reviving"><strong>Bitcoin’s value reviving</strong></h2>
<p>For the first time since May 2022, Bitcoin (BTC) prices crossed $37,000 on Thursday, extending the largest digital asset’s phenomenal recent surge. Bitcoin hit a record high of $37,999 on Thursday, the highest since May 2022. Bitcoin was trading at $36,557, down 0.63% over the previous day, having given up some of its intraday profits.</p>
<h2 class="wp-block-heading" id="h-future-hopes"><strong>Future Hopes&nbsp;</strong></h2>
<p>The biggest cryptocurrency by market value, Bitcoin, has recently surged due to rumors that U.S. regulators may permit Bitcoin spot ETFs. Some analysts believe this will draw a flood of capital into the cryptocurrency. On the Delaware Division of Corporations website, an iShares Ethereum Trust was registered on Thursday. Speculation began when the iShares Bitcoin Trust received a similar email on June 8, one week before BlackRock registering for a Bitcoin ETF.&nbsp;</p>

Bitcoin Price Analysis: Crypto Expert Peter Brandt Suggests $43,000 as Next Target

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