Veteran trader Peter Brandt has sparked significant discussions in the cryptocurrency sector with his latest forecast, suggesting that Bitcoin (BTC) could potentially approach its previous highs if it continues to follow a classic bullish pattern.
In a post shared on X (formerly Twitter) on May 2, Brandt presented a scenario where, by sustaining its current stability and upward momentum, Bitcoin might witness a substantial price increase, nearing its historical peak values.
Bitcoin price analysis chart. Source. TradingView/Peter Bandt
This optimistic outlook, however, has not been well embraced. Some skeptics have questioned Brandt’s credibility, given his previous predictions suggested both a correction to $40,000 per BTC and the possibility that Bitcoin had already reached its peak.
Despite these criticisms, he remains optimistic in his belief that Bitcoin is on a bullish path.
Peter Brandt’s perspective on Bitcoin’s attributes
In his latest blog, Peter Brandt hi
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