Legendary Trader Peter Brandt Says Bitcoin Hinting at ‘Massive' Outperformance of Gold

Veteran commodities trader Peter Brandt says that Bitcoin BTC BTC - $62933.675 is flashing hints that it is gearing up to massively outperform gold. According to Brandt, Bitcoin priced in gold (BTC/GLD) is printing a multi-year inverted head and shoulders (H&S) pattern, suggesting that BTC BTC - $62933.675 preparing to run faster than the precious metal.

Source: dailyhodl.com

Related symbols: BTCUSD

2024-09-08 20:12:02 GMT.

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Price & Market Data

Price: $62933.675

Volume 24h: $43,802,035,297.59

Market Cap: $1,243,336,563,593.84

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/.