The recognized chartist and analyst Peter Brandt were able to predict the current bull rin un the cryptocurrency market, specifically about Bitcoin’s price surge. This is not the first prediction that Brandt makes about the most popular digital asset in the market. In the past, he has also predicted Bitcoin to drop 80% from its all-time high.
Peter Brandt Predicted Bitcoin’s Trend
Since April, Bitcoin more than doubled its price from $4,100 to over $8,700 in the last few hours. This is something that not many were predicting and that helped Bitcoin reach levels that were not currently expected for the market. Other digital assets have also experienced a similar price surge during the same period of time, including Litecoin (LTC) or Ethereum (ETH).
At the beginning of April, Peter Brandt said that he would not be surprised with Bitcoin entering a new parabolic phase.
— Peter Brandt (@PeterLBrandt) April 5, 2019
Moreover, Brandt has also been following the price action of other digital assets, for example, Ethereum (ETH).
At the time of writing, most of the virtual currencies in the market are operating positively. In the last 24 hours, Bitcoin price grew 10%, Ethereum 7.44% – which is similar to XRP’s growth – Bitcoin Cash (BCH) 9.31% and Litecoin with the largest price increase among the top ten with an increase of 13.4%.
As Bitcoin is getting closer to its next halving in 2020, investors are trying to collect as many Bitcoin coins as possible.