Peter Brandt: 'Bitcoin Takes Aim at $100,000 Target'

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Sat, 06/22/2019 - 10:00
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Yuri Molchan
πŸ‘¨β€πŸ’ΌπŸ’¬The veteran trader Peter Brandt says that, following a new parabolic cycle, Bitcoin price is now heading towards $100,000πŸ’±πŸ”–
Peter Brandt: 'Bitcoin Takes Aim at $100,000 Target'
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In his recent tweet, on Friday, the famous old-school trader Peter Brandt pleased Bitcoin holders, saying that now, after breaking the $10,000 level, Bitcoin is headed towards a much higher target - $100,000.

Brandt says β€˜$100,000’, other traders confirm

Peter Brandt says that Bitcoin price is now following a fourth parabolic cycle since 2010 and is heading towards the target of $100,000.

Another analyst, @TrueCrypto28, agrees with Brandt, however, he points towards a more modest target - $93,000.

However, the crypto community is ecstatic from both forecasts.

Peter Brandt says that Bitcoin stands out from other assets he has dealt throughout his 45 years of trading career, since nothing else has been going parabolic on a long chart in this manner.

Related Bitcoin Price Reaches $10,700, All Eyes on BTC - Will It Keep Surging to $15,000?
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Bitcoin Price Reaches $10,700, All Eyes on BTC - Will It Keep Surging to $15,000?

The current BTC market stance

At the time of writing this, Bitcoin is trading at slightly under $10,700, showing an over 10-percent rise over the last 24 hours.

As U.Today reported previously, several prominent Bitcoin bulls, such as Tyler Winklevoss and Tom Lee, believe that upon hitting $10,000 Bitcoin price may move on to $15.000 driven by FOMO (fear of missing out).

However, Tom Lee also said that he sets himself a target at $10,200 and then gets out of the trade.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. β€˜Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.