While Bitcoin has been talked about with its rise exceeding $ 35,000 in recent days, popular trader and analyst Peter Brandt shared a new BTC on X.
Peter Brandt, known for his analysis of BTC and the market, stated that there is a bottom in Bitcoin.
Brandt, who did not make a prediction about the BTC price at this point, said that new ATHs in Bitcoin will not come until the 3rd quarter of 2024.
In addition, the famous analyst stated that investors should always be ready for a surprise in the market and included the following statements in his post:
“Anyone who says they know the future path of any market is a fool. Markets will ALWAYS surprise.
But with that disclaimer, here's what I think: 1. The bottom has been found in Bitcoin. 2. New ATHs will not arrive until the 3rd quarter of 2024.”
Anyone who declares they know the future path of any market is a fool. Markets will ALWAYS surprise.
Yet, with this disclaimer, I believe:
1. The $BTC bottom is in
2. New ATHs not coming until Q3 2024
3. Chop fest in the meanwhileI've used this blueprint for approx 2 years pic.twitter.com/hVt0zbTOsm
— Peter Brandt (@PeterLBrandt) October 25, 2023
As it is known, Bitcoin's ATH reached $ 69,000 in November 2021. However, with the bear market that started afterwards, it dropped to $ 15,000 in November 2022.
At this point, it seems that Bitcoin has increased by 125% from $ 15,000 to its current level.
*This is not investment advice.
