2024

Bitcoin

April

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In a bold declaration, veteran trader <a href="https://u.today/legendary-trader-peter-brandt-breaks-down-btc-price-trends-details" rel="noopener noreferrer nofollow">Peter Brandt</a>, with over four decades of experience tracking markets, has revealed Bitcoin as one of his largest investment holdings. Brandt <a href="https://twitter.com/PeterLBrandt/status/1773847938269417661" rel="noopener noreferrer nofollow">posted</a> a BTC chart alongside that of gold with the caption: "Charts of my two largest investment holdings."
On the Bitcoin chart, Brandt highlighted the patterns that had led to BTC price breakouts in its prior and current price cycles.
<blockquote>
 Charts of my two largest investment holdings <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://twitter.com/hashtag/GOLD?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#GOLD</a> <a href="https://t.co/x6LrByFOj6" rel="noopener noreferrer nofollow">pic.twitter.com/x6LrByFOj6</a>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1773847938269417661?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 29, 2024</a>
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Brandt's assertion comes at a pivotal moment for the cryptocurrency market, as Bitcoin's price hovers in a critical range, prompting speculation about potential future movements.
Bitcoin's price has been consolidating in a tight range since March 26, oscillating between $68,369 and $71,789. Meanwhile, investors and traders continue to closely watch for signals of potential new moves.
<a href="https://u.today/673-btc-bought-by-bitcoin-whale-as-btc-price-eyes-rebound" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> traded around $70,000 at the time of writing, showing little change in the past 24 hours.
<h2 id="bitcoin-halving-now-23-days-away">Bitcoin halving now 23 days away</h2>
Bitcoin’s reward halving, a quadrennial event due in April, will lower mining rewards to 3.125 BTC from 6.25 BTC. according to <a href="https://www.oklink.com/halving" rel="noopener noreferrer nofollow">OKLink</a>, the estimated date for this much-anticipated event is April 23, 2024, with a present countdown of 23 days.
With Bitcoin's reward-halving event on the horizon, there are speculations that this could spark additional inflows into U.S.-based spot BTC ETFs, propelling values into the six digits in the coming months.
In an earlier prediction, Peter Brandt expects the ongoing Bitcoin (BTC) bull market to peak at $200,000.
<a href="https://twitter.com/CryptoMichNL/status/1773795512162099513" rel="noopener noreferrer nofollow">Michael van de Poppe</a>, a cryptocurrency analyst, anticipates a Bitcoin price top of $300,000-$600,000 in this current bull cycle, citing a strong pre-halving surge that outperformed past cycles.
In the very short term, crypto analyst <a href="https://twitter.com/ali_charts/status/1773670123519250887" rel="noopener noreferrer nofollow">Ali</a> predicts a potential increase of 4.44%, targeting a price of $74,760 should BTC maintain its position above the 200 EMA and surpass the neckline resistance at $71,580 as Bitcoin shows a head-and-shoulders formation on the 30-minute chart.

Veteran Trader Peter Brandt Showcases Bitcoin as Price New Move Spotted

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