Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Legend Peter Brandt Analyzes BTC, Litecoin and XRP, Says Early Signs Suggest Bitcoin Will Rally ‘Much Higher’ Than $100,000

by Daily Hodl Staff
February 1, 2020
in Altcoins, Bitcoin

A closely watched veteran trader who became legendary in crypto circles for calling Bitcoin’s big collapse in January of 2018 is revealing his latest thoughts on BTC, XRP and Litecoin, the world’s first, third and seventh-largest cryptocurrencies by market cap.

Peter Brandt, who has previously said Bitcoin could rise to $100,000 in its current long-term cycle, says the king coin remains in an historic bull trend. In his latest weekly crypto outlook, Brandt says the leading cryptocurrency is now showing early signs that it could climb “a lot higher” than $100k.

“We can use this recent low that we’ve seen back in December that connects back to December 2018 as kind of now redefining the parabolic advance that could be in the process of developing now. And that has implications.

I don’t want to get too far ahead of myself because I can make an argument here that I’m not sure really can be made yet – that we’re going a lot higher than $100,000, and it won’t be until 2021.”

Source: Peter Brandt/Bitcoin Live

Brandt says BTC may be coiling in a bullish symmetrical triangle that dates back to late 2017.

“A continuation symmetrical triangle is a coil that contains four major contact points. If we fail at this upper line and turn down, then it could be a symmetrical triangle top.

But for now, I’m going to look at it as a symmetrical triangle continuation, and as time goes on and we start to challenge this upper line, especially if we take out the highs that we made back here in June, then we’ve completed this symmetrical triangle, and we can really start accelerating the bull trend in Bitcoin.”

Source: Peter Brandt/Bitcoin Live

As for the altcoin market, Brandt says Litecoin is also showing signs of a potential bullish triangle similar to that of Bitcoin.

“Symmetrical triangles or triangulations tend to be a magic pattern with Litecoin, and you can see it a couple of places here – the big ascending triangle that blew off in 2017 and you had another triangulation [in 2018]. You’ve had different triangulations taking place, especially symmetrical triangles in Litecoin.”

Source: Peter Brandt/Bitcoin Live

As for XRP, Brandt says he often hears from investors who closely follow the third-largest cryptocurrency by market cap. Although Brandt says XRP may prove to be a “boomer” and rise exponentially in value, he stresses his belief that Bitcoin is the real crypto asset to watch

“I know many of you are Ripple fans, XRP fans. I’m sorry, I just can’t get all excited about that. I’ve talked about that in the past with you many times. For me, this is a Bitcoin story. Bitcoin is the legacy coin. I don’t want to be sidetracked because I think the granddaddy of them all is going to continue to be Bitcoin.

… XRP may very well be a boomer, but it’s also going to be a buster. So my focus will continue to be on Bitcoin and I’ll look at Bitcoin as the litmus test of everything else.”

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Shutterstock/Tithi Luadthong

Submit a Press Release

Industry Announcements

  • DAM Finance Receives Strategic Investment From Arrington Capital Moonbeam Growth Fund
    August 11, 2022
  • Metaverse, Web 3.0 Disruption and Blockchain Advancement To Be Discussed at MetaWeek in Dubai
    August 11, 2022
  • DeFiChain Community Brings Attractive Rewards for DFI ERC-20 Pairs on Uniswap
    August 8, 2022
  • Bware Labs Announces the Blast Incentivized Testnet, Code-Named Houston
    August 8, 2022
  • Aurigami Collects $12 Million War Chest To Grow Aurora-Based Lending Protocol
    August 2, 2022
  • Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network
    August 2, 2022
  • Serenity Shield and Digital Insights Announce Strategic Partnership
    August 2, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$24,600.59
$24,600.59
0.37%
Ethereum
$1,988.89
$1,988.89
0.7%
Cardano
$0.595353
$0.595353
9.56%
XRP
$0.387832
$0.387832
1.64%
Dogecoin
$0.074528
$0.074528
2.01%

Spotlight

  • BlackRock and Coinbase Deal Could Trigger Bitcoin Burst to $773,000, According to InvestAnswers
    August 8, 2022
  • Macro Guru Raoul Pal Sets Price Target for Ethereum (ETH), Predicts Slowdown of Inflation
    August 10, 2022
  • Shark Tank Investor Mark Cuban Hit With Class Action Lawsuit for Promoting Voyager to NBA Fans
    August 12, 2022
  • Crypto Markets To Face Biggest Test of 2022 This Week, According to Analyst Justin Bennett – Here’s Why
    August 8, 2022
Finance Magnates London Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl