Legendary Trader Peter Brandt Flips Bullish on Bitcoin, Says Major BTC Breakout Could Be Pending

Veteran trader Peter Brandt, who gained legendary status after calling the 2017 Bitcoin collapse, believes BTC BTC - $62706.807 is in a position to surge and end its multi-month correction. In a new blog post, Brandt says he opened long positions in Bitcoin as he thinks BTC BTC - $62706.807 may be gearing up to break out from a megaphone formation.

Source: dailyhodl.com

Related symbols: BTCUSD

2024-08-27 07:14:02 GMT.

Link to source Join our Telegram channel

Price & Market Data

Price: $62706.807

Volume 24h: $43,850,281,364.91

Market Cap: $1,238,854,485,977.66

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.