Peter Brandt: We're Going To These Levels In Bitcoin!

Trading legend and charting expert Peter Brandt shared his new predictions. The veteran analyst predicts a big bitcoin boom before it ends this year.

Peter Brandt: $ 200,000 and above is the level this market will see

In a new interview with Real Vision Finance, Peter Brandt said Bitcoin could explode by about 260% from its current price of $ 56,000. According to the veteran analyst, the current logarithmic charts look like they were in a 2017 bull market just before Bitcoin's big upward movement. Peter Brandt adds::

I THINK WE'RE ON A MIDPOINT PAUSE IN 2017 WHEN BITCOIN SPINS FOR A MONTH OR TWO BEFORE WE SEE THE FINAL RISE. YOU'LL NOTICE THAT THE 2015 TO 2017 BULL MARKET IS ABOUT HALF THE MIDPOINT, OR 60% OF THE TOTAL MOVEMENT. IF THIS IS TRUE, IT SHOWS THE TYPE OF PRICE LEVEL... IF THIS GRAPHICAL INTERPRETATION IS TRUE, $ 200,000 AND ABOVE IS THE LEVEL THAT THIS MARKET WILL SEE.

Investment Analyst Ambitious: Bitcoin Won't Fall Below This Level!

Peter Brandt: anyone who paid attention to Bitcoin's meteoric rise is witnessing history

Peter Brandt also argues that Bitcoin's price movement is unprecedented. He also stresses that anyone who pays attention to the meteoric rise of cryptocurrency is witnessing history. Peter Brandt adds::

IF SOMEONE HAD TOLD ME THAT THERE WOULD BE A MARKET IN MY LIFE THAT WOULD EXPERIENCE NOT ONLY PARABOLIC PROGRESS, BUT ALSO FOUR PARABOLIC ADVANCES, NOT JUST ON THE ARITHMETIC SCALE, BUT ALSO ON THE LOG SCALE, I WOULD HAVE BET MY LIFE. AGAINST IT... IT'S UNBELIEVABLE. PEOPLE GET CAUGHT UP IN THE DAY-TO-DAY MOVEMENTS AND THE DAY-TO-DAY BITCOIN MOMENT, NOT REALISING THAT WE ARE SEEING MARKET PROGRESS UNLIKE ANYTHING WE HAVE SEEN BEFORE. IT'S UNHEARD OF TO HAVE FOUR PARABOLIC ADVANCES ON THE LOG SCALE OVER A TEN-YEAR PERIOD. I WOULD FORCE ANYONE TO FIND THE PRICE CHART OF ANY ASSET OR ANY COMMODITY THAT HAS PASSED THROUGH IT. SO WE'RE REALLY WITNESSING HISTORY. THIS IS HISTORY IN THE MAKING, SOMETHING THAT THESE HISTORY BOOKS WILL BE WRITTEN ON. TO BE ABLE TO JOIN A MARKET GOING THROUGH SUCH A SITUATION IS INCREDIBLE, ACCORDING TO THE ANALYST. THIS IS TRULY SPECTACULAR, THIS IS A MAGNIFICENT JOURNEY AND EVERYONE INVOLVED IN BITCOIN SHOULD KNOW THAT THEY ARE TRULY WITNESSING HISTORY.

Bitcoin Rally Statement Surprised By Bloomberg Analyst

Seasoned trader: Bitcoin is where I want to put all my wealth at some point in time

The seasoned trader reveals that Bitcoin has fundamentally changed his view of its assets. Peter Brandt no longer measures his wealth in dollars, but in BTC. Peter Brandt adds::

MY MINDSET HAS REALLY CHANGED. BITCOIN IS WHERE I WANT TO PUT ALL MY WEALTH AT SOME POINT IN TIME. I REALLY LOOK AT IT VERY DIFFERENTLY, BECAUSE IF MY GOAL AS A TRADER WAS TO ACCUMULATE MORE US DOLLARS, NOW THAT TELLS ME I HAVE THE WRONG GOAL. BECAUSE THE MOST UNDERVALUED ASSET IN THE WORLD IS THE US DOLLAR... SO MY MINDSET IN TERMS OF MOVING FROM BITCOIN AS A TRADE TO BITCOIN AS A MEASURE OF WEALTH HAS REALLY CHANGED OVER THE PAST YEAR.