U.Today – Peter Brandt, an experienced trader with over 50 years of experience in financial markets, including cryptocurrencies, shared a fresh perspective on the price of (BTC), predicting a significant raise in the main cryptocurrency.
The analysis focuses on the seven-month expanding inverted triangle, a key technical pattern that has been in place since March this year and remains intact. According to the trader, this pattern of lower highs and lower lows signals that Bitcoin remains primed for a major move higher, all the way to $150,000 per BTC.
Putting his money where his mouth is, Brandt revealed that he has a significant speculative position in the major cryptocurrency.
Brandt also shared his thoughts on other major cryptocurrencies, including and .
Solana, Ethereum or gold? Bitcoin.
Brandt noted a potential tower-and-hands pattern for SOL that could indicate an upside breakout, although he remains neutral on the popular token.
Similarly, Ethereum has formed an inverted head and shoulders pattern on its price chart, which is considered a major bullish pattern. Still, Brandt also remains unchanged on Ethereum, signaling a lack of ongoing exposure to the asset, something he has often referred to with unpleasant words.
Brandt also compared Bitcoin’s performance to gold, the most analyzed asset along with the main cryptocurrency.
There you can see an inverted head and shoulders pattern on the Bitcoin to Gold ratio chart which, as you can see in the attached chart, predicts Bitcoin to raise by over 400% against Gold. However, an experienced trader has a long position in both precious metals and cryptocurrencies.
