Peter Brand is a well-known figure in the crypto market, and he became much more popular after he called BTC’s significant fall from back in 2018.
BTC is heading towards $100k
Now, he’s saying that Bitcoin is targeting $100,000.
In a recent interview with CNBC’s Ran NeuNer, Brandt expanded on why he’s so bullish on BTC.
“You have to look really at the long-term chart that goes back to 2011, 2012. And what you’ll see there is a magnificent thing that happened going into the 2013 high. And that was a parabolic move, and it was a parabolic move on a log scale,” he said.
He continued and explained that “A parabolic move on a log scale is a magnificent thing. It may only happen once in a decade. And so we saw that parabolic advance be broken, and then we saw the market from 2013 into 2015 correction. And then it entered another parabolic move.”
Brand said, “So we have two parabolic moves in the same market. That’s just unheard of. And of course that topped in December of 2017 and we spent 2018 correcting…”
Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other. pic.twitter.com/wE4j3riMgI