{"id":450,"date":"2023-10-26T03:00:14","date_gmt":"2023-10-26T03:00:14","guid":{"rendered":"https:\/\/economicherald.net\/?p=450"},"modified":"2023-10-26T03:00:14","modified_gmt":"2023-10-26T03:00:14","slug":"mooners-and-shakers-trading-wizard-peter-brandt-predicts-bitcoin-all-time-high-in-2024","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=450","title":{"rendered":"Mooners and Shakers: Trading wizard Peter Brandt predicts Bitcoin all-time high in 2024"},"content":{"rendered":"<p>Is Bitcoin and the crypto market laying a platform for the motherlode bull run of all bull runs\u2026 to END ALL BULL RUNS?<\/p>\n<p>\u201cOn the first light of the\u2026 dunno which day yet but should be next year\u2026 look to the east (or maybe west)\u2026 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\u2026 sending them to cower in caves, licking salty wounds in a multi-year hibernation\/sulk.\u201d<\/p>\n<p>This is paraphrasing Gandalf, of course. Not necessarily this one \u2026<\/p>\n<p>$35K Bitcoin in 2022 vs $35K Bitcoin in 2023 <a href=\"https:\/\/t.co\/2hZNSsrjaD\">pic.twitter.com\/2hZNSsrjaD<\/a><\/p>\n<p>\u2014 GANDALF (@BTCGandalf) <a href=\"https:\/\/twitter.com\/BTCGandalf\/status\/1717247391424774330?ref_src=twsrc%5Etfw\">October 25, 2023<\/a><\/p>\n\n<p>\u00a0<\/p>\n<p>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.<\/p>\n<p>B\u2026 but\u2026 \u201chigher for longer\u201d 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\u2019s largely coming from the world of tradfi, led by BlackRock CEO Larry Fink\u2019s newfound enthusiasm for the much-maligned asset class.<\/p>\n<p>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\u2019 A.<\/p>\n<p>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\u2019s something somewhat credible for bulls to cling to\u2026<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Peter Brandt predicts BTC all-time high next year<\/strong><\/h2>\n<p>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: \u201cTHE $BTC BOTTOM IS IN\u201d.<\/p>\n<p>Anyone who declares they know the future path of any market is a fool. Markets will ALWAYS surprise.<\/p>\n<p>Yet, with this disclaimer, I believe:<br \/>1. The <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> bottom is in<br \/>2. New ATHs not coming until Q3 2024<br \/>3. Chop fest in the meanwhile<\/p>\n<p>I&#8217;ve used this blueprint for approx 2 years <a href=\"https:\/\/t.co\/hVt0zbTOsm\">pic.twitter.com\/hVt0zbTOsm<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1717175571577516272?ref_src=twsrc%5Etfw\">October 25, 2023<\/a><\/p>\n\n<p>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.<\/p>\n<p>Look, it\u2019s not <em>the most bullish scenario<\/em> floating around for Bitcoin right now (<a href=\"https:\/\/stockhead.com.au\/cryptocurrency\/mooners-and-shakers-bitcoin-smashes-it-to-yearly-high-as-etf-hopes-hit-overdrive-135k-btc-is-next-stop\/\">Robert Kiyosaki thinks it\u2019s a US$135k \u2018next stop for BTC\u2019<\/a>, for instance). But nevertheless, we\u2019ll add it to the tray of hopium \u2013 after all, he\u2019s basing it off a \u201cblueprint\u201d he\u2019s put together that he\u2019s apparently been using for about two years.<\/p>\n<p>The chart he\u2019s jokingly posted below is <em>not<\/em> 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\u2026<\/p>\n<p>Advice to novice chartists<\/p>\n<p>If you NEVER draw another diagonal line, your chances of being profitable improve greatly<\/p>\n<p>Of course, you  will also lose the bragging rights to claim you and you alone had the market figured out <a href=\"https:\/\/t.co\/DIfcwLgOJM\">pic.twitter.com\/DIfcwLgOJM<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1717170133016412252?ref_src=twsrc%5Etfw\">October 25, 2023<\/a><\/p>\n\n<p>\u00a0<\/p>\n<div class=\"common-textstyles__StyledWrapper-sc-18pd49k-0 eSbCkN\">\n<div class=\"typography__StyledTypography-sc-owin6q-0 dbtmOA at-text\">\n<h2>Top 10 overview<\/h2>\n<\/div>\n<\/div>\n<div>\n<p class=\"p2\"><span class=\"s2\">With the overall crypto market cap at US$1.31 trillion, up a fraction since this time yesterday, here\u2019s the current state of play among top 10 tokens \u2013 according to<a href=\"https:\/\/www.coingecko.com\/en\"><span class=\"s3\">\u00a0CoinGecko<\/span><\/a>.<\/span><\/p>\n<\/div>\n<h2><\/h2>\n<h2><span class=\"s1\">ALTCOIN PUMPERS<\/span><\/h2>\n<p class=\"p2\"><span class=\"s1\">(11-100 market cap position)<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u2022\u00a0Pepe\u00a0(PEPE), (market cap: US$510 million) +27%<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u2022\u00a0Rollbit Coin\u00a0(RLB), (market cap: US$637 million) +16%<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u2022 GMX (GMX), (market cap: US$393 million) +10%<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u2022 The Graph (GRT), (market cap: US$932 million) +9%<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u2022 Rocket Pool (RPL), (market cap: US$500 million) +9%<\/span><\/p>\n<p>\u00a0<\/p>\n<div class=\"common-textstyles__StyledWrapper-sc-18pd49k-0 eSbCkN\">\n<div class=\"typography__StyledTypography-sc-owin6q-0 dbtmOA at-text\">\n<div class=\"article-contentstyles__RailWrapper-sc-1lrs40v-2 bvZgMc at-grid-right extended-rail false false\">\n<div class=\"at-rail-wrapper\">\n<div class=\"at-rail-content-wrapper\">\n<div class=\"article-contentstyles__VertWrapper-sc-1lrs40v-3 fXyeCK\">\n<h2 class=\"p2\"><span class=\"s1\">ALTCOIN SLUMPERS<\/span><\/h2>\n<p class=\"p2\"><span class=\"s1\">\u2022 Mina Protocol (MINA), (market cap: US$686 million) -10%<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u2022 Kaspa (KAS), (market cap: US$1.06 billion) -4%<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u2022\u00a0XDC Network\u00a0(XDC), (market cap: US$638 million) -2%<\/span><\/p>\n<p><span class=\"s1\">\u2022 Filecoin (FIL), (market cap: US$1.75 billion) -3%<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"common-textstyles__StyledWrapper-sc-18pd49k-0 eSbCkN\">\n<div class=\"typography__StyledTypography-sc-owin6q-0 dbtmOA at-text\">\n<div class=\"article-contentstyles__RailWrapper-sc-1lrs40v-2 bvZgMc at-grid-right extended-rail false false\">\n<div class=\"at-rail-wrapper\">\n<div class=\"at-rail-content-wrapper\">\n<div class=\"article-contentstyles__VertWrapper-sc-1lrs40v-3 fXyeCK\">\n<h2 class=\"p1\"><span class=\"s1\">Around the blocks<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">\u00a0<\/span><span class=\"s2\">Some pertinence and randomness that stuck with us on our daily moves through the Crypto Twitterverse.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">On the edge of being \u201corange pilled\u201d? Still not sure? Here, watch this latest clip from big financial media outlet CNBC\u2026\u00a0<\/span><\/p>\n<p>CNBC just had a 12 minute segment on <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> adoption, price appreciation, regulation, the fundamentals and everything you need to know.  <\/p>\n<p>This is a perfect orange pill moment. Share this with your friends and family.  <a href=\"https:\/\/t.co\/UBWHgKDPHx\">pic.twitter.com\/UBWHgKDPHx<\/a><\/p>\n<p>\u2014 The \u20bfitcoin Therapist (@TheBTCTherapist) <a href=\"https:\/\/twitter.com\/TheBTCTherapist\/status\/1717222105769496614?ref_src=twsrc%5Etfw\">October 25, 2023<\/a><\/p>\n\n<p class=\"p2\"><span class=\"s2\">\u00a0Meanwhile, in other \u201cflight to alternatives\u201d-related news\u2026\u00a0<\/span><\/p>\n<p>BREAKING NEWS<\/p>\n<p>THE CEO OF HSBC IS WARNING THAT THE WORLD IS AT A  TIPPING POINT ON DEBT THAT THREATENS TO SPARK A GLOBAL RECKONING AFTER YEARS OF GOVERNMENT BORROWING BINGES <\/p>\n<p>This is a massive bank. <\/p>\n<p>People are officially waking up.<\/p>\n<p>\u2014 Gold Telegraph  (@GoldTelegraph_) <a href=\"https:\/\/twitter.com\/GoldTelegraph_\/status\/1717048938036125910?ref_src=twsrc%5Etfw\">October 25, 2023<\/a><\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/cryptocurrency\/mooners-and-shakers-trading-wizard-peter-brandt-predicts-bitcoin-all-time-high-in-2024\/\">Mooners and Shakers: Trading wizard Peter Brandt predicts Bitcoin all-time high in 2024<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Is Bitcoin and the crypto market laying a platform for the motherlode bull run of all bull runs\u2026 to END ALL BULL RUNS? \u201cOn the <a href=\"https:\/\/economicherald.net\/?p=450\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":1,"featured_media":259,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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