Bitcoin News

Legendary Trader Peter Brandt: Bitcoin Will Be “King Of The Hill”

Legendary trader Peter Brandt expressed his view on the prospects of Bitcoin price and prediction, considering behavior in last 24 months.
Published by
Legendary 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

Advertisement

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

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Galaxy Digital CEO Calls Next Fed Chair Bitcoin’s Bull Catalyst, Sets $200K BTC Target

Galaxy Digital’s CEO believes that the appointment of the next Fed chair could trigger Bitcoin…

September 27, 2025
  • Bitcoin News

Experts Claim Bitcoin Crash to $94,334 Ahead As BTC Dominance Rebounds

Bitcoin (BTC) price is seeing strong selling pressure, correcting another 6% over the past week…

September 27, 2025
  • 24/7 Cryptocurrency News

Expert Explains Pi Network–Sign Meeting, Says It Could Trigger Binance Listing

The Pi Network has been gaining attention in light of its recent partnership with blockchain…

September 27, 2025
  • 24/7 Cryptocurrency News

Is Trump Family, Mr. Beast Buying ASTER Token? Rumors Gain Strength

The ASTER Token is gaining momentum as rumors circulate that prominent figures like the Trump…

September 27, 2025
  • 24/7 Cryptocurrency News

Solana ETF Update: Grayscale, Fidelity, Others Files S-1 With Staking, Approval Expected in Two Weeks

Several major issuers, including Grayscale, Fidelity, and Bitwise, have filed new amendments to their Solana…

September 27, 2025
  • 24/7 Cryptocurrency News

Cyber Hornet Seeks SEC Nod for S&P 500 and XRP ETF

Cyber Hornet has filed with the U.S. Securities and Exchange Commission (SEC) to launch a…

September 27, 2025