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As Bitcoin (BTC) Climbs to $29,000, Peter Brandt Predicts Imminent Breakout

Mon, 04/10/2023 - 22:00
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Alex Dovbnya
In the wake of Bitcoin's ascent to $29,000, renowned trader Peter Brandt has predicted an imminent breakout for the flagship cryptocurrency
As Bitcoin (BTC) Climbs to $29,000, Peter Brandt Predicts Imminent Breakout
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Bitcoin's recent surge past the $29,000 mark has caught the attention of prominent traders and analysts, including Peter Brandt, who took to Twitter to predict an imminent breakout for the flagship cryptocurrency.

This comes on the heels of Bitcoin reaching its highest price level since June 2022.

Trader Scott Redler also chimed in, stating that Bitcoin appeared ready for additional gains in his tweet. 

Bitcoin Eyes $29,000 Milestone as US CPI Data Looms

Analyst Holger Zschaepitz highlighted the billion-dollar dilemma faced by investors: should they choose gold or Bitcoin? As the yellow metal's price dropped below $2,000, Bitcoin reached yet another year-to-date high.

As reported by U.Today, technical analyst John Bollinger suggested on Twitter that Bitcoin is approaching a squeeze, which indicates that a significant price movement is likely to be imminent. 

The flagship cryptocurrency is currently trading at $29,145 on the Bitstamp exchange, and the buzz around its potential breakout is growing.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at