Main navigation

Trading Legend Peter Brandt Floats the Possibility of Bitcoin Bull Run

Fri, 5/04/2019 - 14:09
Trading Legend Peter Brandt Floats the Possibility of Bitcoin Bull Run
Cover image via U.Today
Read U.TODAY on
Google News

Trading vet Peter Brandt has just taken to Twitter to share some exciting news for Bitcoin fans. Brandt claims that it wouldn’t surprise him if BTC enters a new parabolic phase, which in layman’s terms means that Bitcoin is on the verge of another bull run.

[02/19] Bitcoin (BTC) Price Prediction: Bitcoin Value Promises to Remain the Same

A parabolic phase

As Bitcoin is hovering above $5,000, investors are wondering if there’s more to come in this rally. Now that the number one currency has surpassed a major resistance level, it is tempting to assume that the market has entered a ‘parabolic’ phase, which is simultaneously the most dangerous and the most sought after pattern because of immense profits it can possibly generate. It usually forms when there a steep rise in prices that is driven by FOMO (fear of missing out) and huge speculations.

When cryptocurrency prices are suddenly rising, neophyte traders do not want to miss the boat. Eventually, the euphoria reaches its boiling point, and a huge sell-off ensues.  

Williams %R Indicator Shows Overdone Bitcoin Sell Off, Fueling Speculations About Potential Market Reversal

The bottom has been reached

In the above-mentioned tweet, Brandt assumes that Bitcoin might have already reached its bottom. In December 2018, Bitcoin fell to the $3,100 level. At the same time, there is also a possibility that BTC might retest this bottom again before another bull run. As reported by U.Today, another prediction states that Bitcoin could bottom out at $2,500.


Latest Press Releases

Fidelity Surpasses BlackRock and Other ETFs by Daily Bitcoin Inflows Today
Cardano Praised by Dan Gambardello As Strong Chain While Avalanche Hit By Outage
Shiba Budz (BUDZ) Novel Meme Coin Pre-Sale Gaining Steam in Late February as Majors Dogecoin (DOGE), Shiba Inu (SHIB) Remain in Tops
Ripple Cofounder Celebrates Major Stellar Success, Polkadot Secures Spot on Coinbase Futures, Shiba Inu Burn Rate Surges 8,511%: Crypto News Digest by U.Today
Ethereum Dencun Upgrade Date Confirmed by Devs
Millions of XRP Shifted by Whales as Price Hits Key Support
Binance Web3 Wallet Announces Massive Crypto Giveaway to Celebrate ERC-404 Integration
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns Red
Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume
Ethereum (ETH) Price Prediction for February 23
Solana (SOL) Price Prediction for February 23
BlockDAG Network (BDAG) Pre-Sale Might be Gaining Steam in February since Retik Finance (RETIK), and eTuk Tuk (ETUKTUK) Communities Show Interest
Shiba Inu Developer Excites SHIB Community With Tweet, What It Pertains To
SHIB Army Receives Crucial Warning From Shiba Inu Team
MetaClip (MCLP) Cryptocurrency Sale Campaign Invites Investors as XRP Price Growing
DeeStream (DST) Asset Release Campaign On-Boards Investors as Blur (BLUR), Cosmos (ATOM) Keep Surging
XRP Makes Crucial Price Move, But Massive Roadblock Is Ahead
DeeStream (DST) Crypto Coin Sale Campaign Might be in Spotlight since Shiba Inu (SHIB), Polkadot (DOT) Supporters Waiting for Upgrades
Cardano Founder Hails Elon Musk's X for Crushing ECB's Bitcoin Diss
First ERC404 Token Pandora Shows Explosive Performance as Whales Turn to Buying
Our social media
There's a lot to see there, too

Popular articles