Peter L. Brandt is the founder and CEO of Factor LLC, a global trading company where he trades proprietary capital, foreign exchange, futures, fixed...
The star cryptocurrency, Bitcoin has stunned the crypto space with its spectacular performance since the beginning of 2023. This morning, the King currency had...
Veteran analyst and technical trader Peter Brandt says Bitcoin (BTC) is likely setting up for a major move after months of quiet consolidation.
In a...
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Peter Brandt is feeling somewhat optimistic about Bitcoin, reviving laser eyes sentiment.
In a tweet on Friday, veteran trader Peter Brandt has taken...
It’s time for the new and younger generation to invest in Bitcoin. At least, this is what veteran trader and popular commentator Peter Brandt recommends. Brandt suggests members of the “Gen Z” should get a degree in an area where they may quickly find a well-paying job while avoiding student debt, if possible. He referenced…
Popular commentator and veteran trader Peter Brandt gave advice to Gen Zers on Thursday and said that they should contribute savings to bitcoin and stocks of solid companies. In the same Twitter thread, Brandt noted that “crypto is still unproven,” but also said that those that know him best, know he’s been “bullish for years.” […]
Earlier today, Peter L. Brandt, who is one of the world’ most respected classical chartists, commented on Bitcoin’s latest price action. In 1990, Brandt, who has been a commodity trader since 1976, published the book Trading Commodity Futures with Classical Chart Patterns. Then, in 2011, John Wiley and Sons published his second book, Diary of a Professional Commodity Trader, […]
Bitcoin has dropped below $40,000 to begin the weekend, extending recent losses in cryptocurrency markets. On Saturday, ETH was also weaker, reaching its lowest point this week in the process. Unlike bitcoin, Ethereum appears to have found support to begin the weekend, after plummeting to its lowest level in the previous seven days. ETH/USD is …
In a tweet made minutes before the time of writing this article, legendary trader Peter Brandt took a dig at crypto bulls who until March last year were predicting an all-time high for Bitcoin in November. The tweet came less than a week after Bitcoin hit $33,000, resulting in massive losses for investors. In the same tweet, Peter Brandt also suggested that maybe it was the right time to buy BTC. I find it fascinating that many (not all) on social media who wore laser eyes in Mar/Apr and predicted a rocket shot 🚀for $BTC in Nov now are predicting that the $30k level will be violated When bulls wear laser eyes — time to SELL When bulls become bears — time to BUY???? pic.twitter.com/ytchaFLDfN — Peter Brandt (@PeterLBrandt) January 30, 2022 Peter Brandt Seems to Think Now’s the Ideal Time to Buy BTC In a tweet that basically poked fun at “crypto pundits” who until last year were anticipating Bitcoin’s price to skyrocket in November, Brandt said that he found it quite funny that the same experts are now feeling that Bitcoin’s price may go below $30,000. In response to these speculations that Brandt thought were quite alienated from reality, he suggested that maybe it’s time to buy BTC. Bitcoin’s Price Is Undergoing A Slump Bitcoin’s price has been going through a constant slump since the start of this year. The year started with Bitcoin firmly placed at $47,000. But as the month progressed, Bitcoin’s price consistently slashed until it hit $33,000 last week. This resulted in the world’s five wealthiest tech magnates collectively losing almost $85 billion in the first few weeks of 2022, with the week’s market sell-off wreaking havoc on their fortunes. While Tesla CEO Elon Musk lost $27 billion, Amazon founder Jeff Bezos went down by $25 billion. Also, Binance founder Changpeng Zhao saw his crypto fortunes plummet by a staggering $17.7 billion.