Bitcoin

Momentum

when

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/peter-brandt-forecasts-bitcoins-market-trajectory" rel="noopener noreferrer nofollow">Peter Brandt Forecasts Bitcoin’s Market Trajectory</a><br></p>
<p style="text-align: justify">Renowned commodity trader Peter Brandt, known for his precise market forecasts, has recently commented on <a href="https://en.bitcoinhaber.net/kevin-oleary-skeptical-about-spot-bitcoin-etfs" rel="noopener noreferrer nofollow">Bitcoin</a>‘s trajectory, drawing significant attention from the <a href="https://en.bitcoinhaber.net/spotlight-on-crypto-a-year-of-impressive-growth-and-optimism-for-bitcoin-etfs" rel="noopener noreferrer nofollow">cryptocurrency</a> community. Brandt, with a commodity trading career that started in the 1970s, is celebrated for his expertise and seasoned insights in the industry.</p>
<h2 id="accurate-prediction-on-bitcoin-resurfaces">Accurate Prediction on Bitcoin Resurfaces</h2>
<p style="text-align: justify">Brandt’s past prediction, which suggested Bitcoin would not hit its all-time high immediately but rather follow an uptrend, has resurfaced following recent market movements that confirmed his foresight. He recalled a tweet from two years prior where he forecasted that Bitcoin would start a significant upward trend by the beginning of 2024, though not reaching its peak.</p>
<p style="text-align: justify">As Bitcoin’s price ascends, surpassing $66,000 and nearing its record peak, it reinforces Brandt’s predictions with a more than 50% increase since the year’s start. This uptrend gained momentum with the Securities and Exchange Commission’s approval of spot Bitcoin ETFs in mid-January.</p>
<h2 id="bitcoin-s-upward-movement-gathers-momentum">Bitcoin’s Upward Movement Gathers Momentum</h2>
<p style="text-align: justify">Brandt’s recent Bitcoin chart analysis adds to the expectations of an imminent new surge. His examination of monthly candlestick patterns supports the anticipation of a continued rally. Bitcoin’s notable 8% rise in a single day, crossing the $66,000 threshold, has captured the market’s focus, with the jump seemingly initiated from the $61,350 level.</p>
<p style="text-align: justify">Bitcoin currently exhibits a growth rate of around 5.41%, positioning it in the $66,450 zone. Market watchers are now looking forward to Bitcoin potentially reaching a new all-time high, raising the question of when it will exceed the $69,000 mark.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/peter-brandt-forecasts-bitcoins-market-trajectory" rel="noopener noreferrer nofollow">Peter Brandt Forecasts Bitcoin’s Market Trajectory</a></h5>

Peter Brandt Forecasts Bitcoin’s Market Trajectory

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