Mooners and Shakers: Trading wizard Peter Brandt predicts Bitcoin all-time high in 2024

Is Bitcoin and the crypto market laying a platform for the motherlode bull run of all bull runs… to END ALL BULL RUNS?

“On the first light of the… dunno which day yet but should be next year… look to the east (or maybe west)… for this is when the prophesised Bitcoin ETF and Halving narratives will unite as one to smite down the bears with great vengeance and furious anger… sending them to cower in caves, licking salty wounds in a multi-year hibernation/sulk.”

This is paraphrasing Gandalf, of course. Not necessarily this one …

$35K Bitcoin in 2022 vs $35K Bitcoin in 2023 pic.twitter.com/2hZNSsrjaD

— GANDALF (@BTCGandalf) October 25, 2023

If many a crypto true believer is indeed to be believed, then prepare to have faces ripped off as Bitcoin (and then altcoin) prices moon next year and into 2025.

B… but… “higher for longer” interest rates, more Wall Street sell-offs. Are crypto bros and bro-ettes smoking bulk hopium? Yeah, probably, but also, there are things afoot stirring the pot in this sector, and it’s largely coming from the world of tradfi, led by BlackRock CEO Larry Fink’s newfound enthusiasm for the much-maligned asset class.

This week Bitcoin has reached its highest levels so far this year, currently pushing up towards US$35k again amid increased sentiment surrounding potential approval for spot BTC ETFs in the US of Finkin’ A.

We could give you all sorts of wild predictions from the Crypto Twitter universe (and we will, as soon as we gather them), but here’s something somewhat credible for bulls to cling to…

Peter Brandt predicts BTC all-time high next year

Peter Brandt, a legendary, veteran trading wizard who first began looking at charts roughly about the Time of the Elves, after Noldor returned to Middle Earth, has posted the following predictions this week, boldly declaring: “THE $BTC BOTTOM IS IN”.

Anyone who declares they know the future path of any market is a fool. Markets will ALWAYS surprise.

Yet, with this disclaimer, I believe:
1. The $BTC bottom is in
2. New ATHs not coming until Q3 2024
3. Chop fest in the meanwhile

I’ve used this blueprint for approx 2 years pic.twitter.com/hVt0zbTOsm

— Peter Brandt (@PeterLBrandt) October 25, 2023

Brandt, who is known within crypto for predicting the 80% drop from the 2017/18 bull run peak, among other good calls, now thinks Bitcoin is on a path to a new all-time high of about US$70k, which he thinks could arrive in Q3 of next year.

Look, it’s not the most bullish scenario floating around for Bitcoin right now (Robert Kiyosaki thinks it’s a US$135k ‘next stop for BTC’, for instance). But nevertheless, we’ll add it to the tray of hopium – after all, he’s basing it off a “blueprint” he’s put together that he’s apparently been using for about two years.

The chart he’s jokingly posted below is not that actual blueprint, but if it is, forget everything we just said about Peter Brandt and swiftly move on like none of this ever happened…

Advice to novice chartists

If you NEVER draw another diagonal line, your chances of being profitable improve greatly

Of course, you will also lose the bragging rights to claim you and you alone had the market figured out pic.twitter.com/DIfcwLgOJM

— Peter Brandt (@PeterLBrandt) October 25, 2023

ALTCOIN PUMPERS

(11-100 market cap position)

• Pepe (PEPE), (market cap: US$510 million) +27%

• Rollbit Coin (RLB), (market cap: US$637 million) +16%

• GMX (GMX), (market cap: US$393 million) +10%

• The Graph (GRT), (market cap: US$932 million) +9%

• Rocket Pool (RPL), (market cap: US$500 million) +9%

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