Bitcoin could reach $150,000 per BTC according to veteran trader Peter Brandt's analysis.

From Investing.com

October 21, 2024 11:30 AM:

Veteran trader Peter Brandt predicts a major rise for Bitcoin, citing a seven-month inverted expanding triangle pattern that signals a move to $150,000 per BTC. Brandt holds a substantial position in Bitcoin and shares his thoughts on Solana, Ethereum, and gold.

Brandt notes potential patterns for Solana and Ethereum but remains neutral on both. He compares Bitcoin’s performance against gold, predicting a 400% increase in Bitcoin’s value against gold. Despite his bullish outlook, Brandt remains exposed to both assets.

Brandt’s analysis highlights the technical patterns shaping the major cryptocurrencies and gold. His insights offer valuable perspectives for investors looking to navigate the complex world of digital assets and traditional commodities.

Read more at Investing.com: Bitcoin to $150,000? Legendary Trader Peter Brandt Shows How By U.Today