Peter Brandt, one of the world's most famous analysts, broke his silence for a while and commented on the Bitcoin (BTC) chart. Brandt, who previously successfully predicted the two legendary rises of the leading cryptocurrency, stated that the third leg has started. Bitcoin Prepares For Third Parabolic Rise Peter Brandt,
In a statement he made in 2019, he stated that Bitcoin actually made history by achieving two parabolic spikes. Stating that the assets that achieved a parabolic rise three times in financial markets did not exceed the number of fingers of one hand, Brandt stated that a third rise was unlikely.
Now, the rise of bitcoin price from about $ 3,100 to $ 51,000 signals the third parabolic rise. Peter Brandt also pointed to this in his statement on Twitter and heralded the beginning of the third rise. Critical Years for BTC: 2012,
In his post for 2014 and 2019 Peter Brandt also noted that this is a development that will go down in history. Parabolic rise is known as the continuous rise of the price to a certain level without any correction. Brandt focusing on the big picture, that is, the chart of all times,
After the first rise that started in 2012 and ended in 2014, it successfully predicted the second rise that started in 2015 and ended in 2018. Brandt has now emphasized that the new parabolic rise started in 2019 and will continue until the end of 2021.
Keeping the chart drawn by the analyst and not breaking the parabola can carry the price up to the level of $ 240,000. This means that the BTC / USD trading pair has gained at least 450%. What Will Happen To Bitcoin When The Parabolic Rise Ends?
Critical Years for BTC: 2012, 2014 and 2019
Peter Brandt also noted in his post that this is a development that will go down in history. Parabolic rise is known as the continuous rise of the price to a certain level without any correction. Brandt focusing on the big picture, that is, the chart of all times,
After the first rise that started in 2012 and ended in 2014, it successfully predicted the second rise that started in 2015 and ended in 2018.
Brandt has now emphasized that the new parabolic rise started in 2019 and will continue until the end of 2021.
Keeping the chart drawn by the analyst and not breaking the parabola can carry the price up to the level of $ 240,000. This means that the BTC / USD trading pair has gained at least 450%.
