Peter Brandt, known for his analyses for many financial products from gold to Bitcoin and US markets, stated that he expects a price of $135 thousand for Bitcoin. Brandt, who addressed his nearly 750 thousand followers on X, stated that if the price falls below $48 thousand, his chart will be deemed invalid.
“Period since Mar 2024 appears as insignificant”
Brandt stated that the horizontal trend seen from the peak in March to this moment is not important:
“Much better than gold…”
In another tweet, Brandt stated that Bitcoin is a much better and stronger store of value than gold:
“Bitcoin is a much better and stronger store of value than gold… It can be 23 times the value and 32 times the resistance. If Bitcoin starts a rally, it will reach 100 times the value of gold”