Introduction:
This is especially true in the world of cryptocurrency where well-informed
traders can be a godsend due to market volatility. Peter Brandt, a respected
figure in the space is famous for his spot-on market analysis and hundreds of
on-point calls. Just the other day, Brandt was in news making some futuristic
prediction about Bitcoin.
Brandt himself took a look into his crystal ball (or, you know…his math or
whatever), so we take a closer at some “models” leading up to the point where
he made such grandiose prediction and discuss what that could mean for altcoin
market in somewhat loosely-related/explanation-laden magnum opus! We will throw
in a little history around the price of Bitcoin, and discuss some
economic/geo-political matters which may ultimately move this market on its
own.
Peter Brandt — Brief BIO:
We have to keep in mind who Peter Brandt is before we can take his Bitcoin
prediction into full account. There, discounted for BTC and LTC withdrawals
only (compared to the prevailing market spread), he appears more like a
mellowed trader who has spent two decades studying markets than anything
Twitter might suggest. Brandt is something of an industry Jesus figure in that
his use case depends on one’s interpretation: brandable sage wise from time
hardened experience or architecturally classless tel....hriving communities
layer seinpellier(protocol). Investors and speculators across the globe have
long sought his insights, commentary and recommendations in a wide array of
asset classes.
The Bitcoin Price Prediction:
Brandt returned to create a new analytical model in which he commented on
the price of Bitcoin. We are not going to divulge his exact number without shuffling
back towards copyright infringement, but suffice it to say that was a powerful
northward jolt. Specifically, Brandt combine technical analysis with
fundamental factors to come up his forecast which we will explain/show more in
details below Moreso READ argent note video clip _trans recycle('.'squigs.')
Brandt's PrognostiCATionSo, on what is Brandts prediction based... TA
(Technical Analysis)How many of us have real time to crunch numbers
objectively?
What is technical analysis Technical Analysis: A way of predicting future
price movements in futures or tradable markets using the study of past prices
Brandt is a pro at this kind of thing, and he would likely have made his call
after studying Bitcoin's price charts over time.
1. What is Technical Analysis? Tokio A pilgrim Analyze definition Workshops
open of Topics-related assignment MaestriaISyntaxException>()); © 2018
Technical equivalence - Exclamatory potent max surplusCopyright : IG
Plenipotentiary Limited.
His reasoning is likely based in some
of the technical indicators below:
This involves using Moving Averages, which are statistical calculations that
help smooth easier to see trends in price movements.
1. What Are Moving Averages? Spotting Market Trends | Britannica Money
The support and resistance levels – areas where buyers or sellers have
historically been strong on the buy in, sell side respectively.
1. Support and Resistance Information - Investopedia
Most of the time, these levels are identified through chart patterns (such
as head-and-shoulders formations or triangles) and technical signals.
Standard Influences: The Bigger
Picture:
Technical analysis should not be the only consideration, remember to factor
in other medium or long term phenomenon that could also influence Bitcoin price.
Brandt's proclamation could have been based on one of, or a host of things like
the following:
Institutional Adoption: As institutional investors, such as hedge funds and
pension plans begin to take an interest in Bitcoin, they can increase demand for
the cryptocurrency increasing its price.
Macroeconomic environment: Inflation, interest rates, and global economic
output weigh on the traditional protection applied to Bitcoin as ease of
exchange or hedge against inflation.
Regulatory Developments: Government policies and regulations can impact the
cryptocurrency market in a big way. Positive regulatory climates could improve
appreciation and in effect prices are pushed higher.
The Price Rollercoaster Of Bitcoin
There is no mention of historical context:
Given the above prediction by Brandt, it is valuable to be familiar with
Bitcoin price history. Bitcoin has been highly volatile since its launch in
2009 and seen periods of rapid growth only to decline in value rapidly
afterwards.
1. (For the record, Volume 10000 of the CRG is dedicated to paperboy notes
from before bitcoin existed. [1/3]); Bitcoin's Price History - Investopedia
Early Years: A Niche Asset:
A New Paradigm — The bull market of 2017
Testing the Resilience — 2018 & 19 Bear Market
Liftoff: 2020-21 Supercycle With a Twist
Emerging Trends: Aggregation & Accumulation
What Brandt Predicted (and What This
Means)
Should Brandt's forecast actually come to fruition, this could have profound
ramifications not only for the cryptocurrency space but also across a broader
financial ecosystem.
Price Speculation: This goes along with speculation on netotiations above, a
significant price incerase could boost the mainstream acceptance of Bitcoin as
an asset for investment.
Conquest of Traditional Assets: A high value rise in Bitcoin can also expose
the more traditional gold and stock assets.
1. Trakx Gold Vs Bitcoin As Safe Haven Assets: A Comparative Research
trakx.io
Regulatory Scrutiny: Testosterone boy money, could be seen as driving us back
to regulatory scrutiny which will only hurt BTC and its growth path.
Conclusion:
The latest price volatility has sparked speculation over Peter Brandt's
bullish prediction. Although we cannot be sure of the future, such developments
to do allow us a glimpse into what factors may shape Bitcoin according tot
Brandt.
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