Claim BonusLegendary Trader Peter Brandt: Bitcoin Will Be “King Of The Hill”
Crypto Market News: In recent times, many predictions for Bitcoin price projected in the range of $100,000 to $1 million, compared to the current all time high of $69,000. Balaji Srinivasan, Former Coinbase CTO, made news in March 2023 when he predicted that BTC would go all the way to $1 million in a span of 90 days. In a recent prediction, Standard Chartered Bank predicted that Bitcoin could surpass $100,000 by the end of 2024 and that the crypto winter is behind us.
Also Read: Popular Analyst Predicts Looming Ethereum Price and Altcoins Crash
Peter Brandt Bitcoin Price Prediction
Legendary trader Peter Brandt expressed a bullish view on the prospects of Bitcoin price, considering the behavior in last 24 months. Earlier, the trader predicted that Bitcoin price was likely to reach the $40,000 range. Referring to the ups and downs in Bitcoin dominance pattern for the last two years, Brandt said he was optimistic of a huge rise in BTC price if a breakout from the current level is seen.
“The Bitcoin Dominance chart has now formed a 24-month rectangle with multiple upper and lower boundary contacts. For now this is the confining range. However, a decisive breakout of this range would have huge significance.”
Overall, he said that Bitcoin could be the lone “King of the Hill” for crypto market, going forward. Currently, BTC is at 45% of the of total market capitalization among major crypto assets.
Also Read: Former SEC Lawyer Admits To Agency’s Wrongdoing In XRP Lawsuit
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: Supreme Court Delays Ruling on Trump Tariffs; May Decide January 16
- Senators Make Amendments To CLARITY Act On Yield and DeFi Ahead Of Crypto Bill’s Markup
- Breaking: U.S. November PPI Inflation Rises To 3%, Bitcoin Climbs Above $95k
- Universal Exchange Bitget Taps Football Culture to Promote a One-Stop Crypto Trading Experience
- Aster DEX Review – Is It Safe and Legitimate?
- Ethereum Price Prediction as Network Activity Hits ATH Ahead of CLARITY Markup
- Robinhood Stock Price Prediction: How High Could HOOD Go Technically in 2026?
- Cardano Price Prediction as Germany’s DZ Bank Gets MiCAR Approval for Cardano Trading
- Meme Coins Price Prediction: What’s Next for Pepe Coin, Dogecoin, and Shiba Inu Amid Market Rally?
- Standard Chartered Predicts Ethereum Price could reach $40,000 by 2030
- Bitcoin Price Eyes $100k as Core US Inflation Slips Ahead of CLARITY Act Markup
