Peter Brandt once again very bullish on Bitcoin and gold as correction ends

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Last Updated on 22 March 2024 by CryptoTips.eu

Peter Brandt has been discussing stock market charts since 1980 and has years of experience discussing the Bitcoin price. He is a legend on Wall Street as he’s written several books on commodities trading and how to read charts.

In November last year he told his 700,000 followers that gold, Bitcoin and Ether looked very promising. The price of Bitcoin has since doubled (as loyal followers of this site know) and Peters is very bullish for the remainder of 2024 as well.

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Pullback for Bitcoin was normal

Peter had a lot to say about the Bitcoin correction of the past week. He actually thought that in the long term, the correction wasn’t a major one.

The pullback we saw after the top of $74,000 was touched was also very normal according to him and the next goal is to trade above $69,000 again. If that doesn’t work, we could look at $59,000, but as mentioned, Peter is rather bullish.

He also still sees a very bright future for Ether. He is much less lyrical about all other coins though.

Peter expects Bitcoin’s dominance (the market cap of Bitcoin compared to altcoins) will rise to some 65%. That would mean that there will be less trading of altcoins.

Gold could rise 8%

Gold is also one of Peter’s favorite investments. With a simple graph he showed that his expectation is a jump of some 8% in the coming weeks.

Gold is indeed having a fantastic 2024 so far. We will certainly keep you informed in the coming weeks whether Peter’s predictions came true.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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