Peter Brandt responds to Pippen's bullish view on Bitcoin: suggests buying at $42,000, expects to see $250,000 in 2029
BlockBeats News, on February 22, renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 bitcoin crash, responded on X to Pippen's bullish bitcoin tweet, suggesting to buy at the "banana" support level (around $42,000). ("Banana" refers to the lower boundary of Peter Brandt's unique bitcoin channel model, which forms a banana shape on a logarithmic chart and has accurately predicted previous bear market bottoms.)
According to this model, Peter Brandt predicts that bitcoin will break through $250,000 by the end of 2029.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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