{"id":1803,"date":"2019-12-10T09:30:05","date_gmt":"2019-12-10T09:30:05","guid":{"rendered":"https:\/\/bitcoin.ng\/?p=1803"},"modified":"2019-12-10T09:33:58","modified_gmt":"2019-12-10T09:33:58","slug":"legendary-trader-peter-brandt-analysis-bitcoin-to-100000-dollars","status":"publish","type":"post","link":"https:\/\/bitcoin.ng\/legendary-trader-peter-brandt-analysis-bitcoin-to-100000-dollars\/","title":{"rendered":"Legendary Trader Peter Brandt\u2019s Analysis on Bitcoin to $100,000"},"content":{"rendered":"\n

Renowned commodity and crypto trader \u2013 Peter Brandt<\/strong> (@PeterLBrandt<\/a>) has released a publication explaining when and how, as well as factors for Bitcoin\u2019s predicted rise to $100,000.<\/p>\n\n\n\n

It will be recalled that Peter Brandt had called Bitcoin\u2019s famous $13,500 all-time high this year, while also describing Bitcoin as “a market like no other, one in its fourth parabolic phase on a long chart<\/a><\/em>.” <\/p>\n\n\n\n

In his latest publication<\/a>, Brandt notes that Bitcoin<\/a> is heading towards the $100,000 mark, as he explained in a new video<\/a>. According to his analysis, Bitcoin is still moving within its historic bull trend which has seen consecutive higher highs and higher lows.<\/p>\n\n\n\n

\"\"\/<\/a>
Peter Brandt Analyzes Bitcoin to $100K Price Prediction<\/figcaption><\/figure>\n\n\n\n

Brandt states that despite BTCs current short-term bearish scenario, the number one cryptocurrency will maintain its bullish narrative in the coming years until it breaks $100,000.<\/p>\n\n\n\n

For the above to occur, there are two main scenarios to expect: a bearish scenario and a bullish uptrend. He analyses both:<\/p>\n\n\n\n

<\/div>\n\n\n\n

The Bearish Scenario<\/h3>\n\n\n\n

Peter Brandt notes that BTC price is currently at a crossroad zone (make or break), and might go for any of the scenarios soon. <\/p>\n\n\n\n

At this time, it is trading very close to the lower boundary of a multi-year channel. Hence, if price continues correcting then we might see Bitcoin bottoming out at $5,324 by July 2020.<\/p>\n\n\n\n

This bearish prediction is based on previous patterns which saw bitcoin violate the parabolic pattern four times since 2011. In each of the four events, a 80%-plus correction had followed and lasted for about 12 months from the peak to the low.<\/p>\n\n\n\n

Brandt notes that with such correction, a strong support at $5,324 will hold; adding that the potential correction will scare a lot of crypto bulls and hodlers \u2013 a FUD he likens to that which he has experienced in his years of trading other commodity markets.<\/p>\n\n\n\n

\"\"
BTC $100,000 Price Prediction – Bearish Scenario by Peter Brandt<\/figcaption><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The Instant Bullish Scenario<\/h3>\n\n\n\n

In a second scenario involving an uptrend, where BTC price doesn\u2019t break the lower boundary of the multi-year channel, BTC price will reverse to bounce to new highs.<\/p>\n\n\n\n

Brandt says the new highs could come as early as next year under this bullish scenario.<\/p>\n\n\n\n

\"\"
BTC $100,000 Price Prediction – Bullish Scenario by Peter Brandt<\/figcaption><\/figure>\n\n\n\n
<\/div>\n\n\n\n

A Case for Bitcoin Halving<\/h3>\n\n\n\n

For many Bitcoin bulls and traders, the upcoming Bitcoin halving in May 2020 is enough to guarantee a new all-time high. This assumption is supported by analysis of past halving events; as well as by the stock-to-flow (SF) model by Plan B<\/a> who predicts Bitcoin to be or have been above $100,000 before Christmas 2021. <\/p>\n\n\n\n

However from Brandt\u2019s analysis, while halving remains a possible catalyst for Bitcoin\u2019s price rise, new price highs would not solely depend on the Bitcoin halving event.<\/p>\n\n\n\n

Very Important<\/strong>: Both traders – Peter Brandt and Plan B<\/a> (stock-to-flow model) are revered among Bitcoin investors for the accuracy of their predictions and price tools respectively. However. The Bitcoin\/crypto market remains highly volatile and certain events could swing the market in different directions.<\/p>\n\n\n\n

So Always Do Your Own Research.<\/p>\n\n\n\n

See other bullish predictions here.<\/a><\/p>\n\n\n\n

In all, the opinions expressed here are solely of the authors and not a general view of the Bitcoin.ng team<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Renowned commodity and crypto trader \u2013 Peter Brandt (@PeterLBrandt) has released a publication explaining when and how, as well as factors for Bitcoin\u2019s predicted rise to $100,000. It will be recalled that Peter Brandt had called Bitcoin\u2019s famous $13,500 all-time high this year, while also describing Bitcoin as “a market like no other, one in […]<\/p>\n","protected":false},"author":2,"featured_media":1819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,4],"tags":[467,19,48,47,56,488],"yoast_head":"\nLegendary Trader Peter Brandt\u2019s Analysis on Bitcoin to $100,000 - Bitcoin Nigeria - Trusted Bitcoin Resources and Information.<\/title>\n<meta name=\"description\" content=\"Veteran commodity trader - Peter Brandt publishes his analysis of Bitcoin (BTC) price prediction to $100,000. 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