{"id":606307,"date":"2024-05-03T04:00:18","date_gmt":"2024-05-03T04:00:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=606307"},"modified":"2024-06-11T07:04:59","modified_gmt":"2024-06-11T07:04:59","slug":"bitcoin-make-or-break-moment-trading-guru-predicts","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-make-or-break-moment-trading-guru-predicts\/","title":{"rendered":"Bitcoin’s Make-Or-Break Moment: Trading Guru Predicts Rally Amid Market Uncertainty"},"content":{"rendered":"

Seasoned trader Peter Brandt has reignited<\/a> discussions with a bullish Bitcoin forecast that could see the premier cryptocurrency soar to new heights.<\/p>\n

Amid skepticism and divergent market opinions, Brandt’s projection places Bitcoin on a potential path to reclaim its all-time high near $74,000.<\/p>\n

Related Reading: Bitcoin Bull Run Over? Analyst Predicts What To Expect Now<\/a><\/div>\n

Brandt’s Bullish Bitcoin Vision<\/h2>\n

Peter Brandt, synonymous with market foresight, recently outlined a scenario<\/a> where Bitcoin could experience a significant rally.<\/p>\n

His analysis, shared via a social media post on X with a BTC analyzed chart, suggests Bitcoin’s recent price movements align with patterns historically indicative of a bull market’s continuation.<\/p>\n

Despite the market’s recent downturns, Brandt’s projection points towards a potential surge to $74,000, a figure mirroring Bitcoin’s peak valuation.<\/p>\n

While Brandt’s optimistic outlook for Bitcoin has garnered attention, it also faces scrutiny from parts of the crypto community. Critics point to his past predictions<\/a>, including significant downturns and peak valuations, as a reason for caution.<\/p>\n

\n

Bruh was writing articles about Bitcoin Top and now saying it’s a correction.<\/p>\n

Come on man, Choose a side.<\/p>\n

\u2014 Sial (@aftabsial8) May 2, 2024<\/a><\/p><\/blockquote>\n

In response, Brandt emphasizes the critical role of adaptability in trading, noting<\/a>:<\/p>\n

I can tell you know that you will end up losing all your capital. I’ve supported myself by trading for 50 years and know that successful traders have and execute the ability to be flexible. I’ll welcome your money.<\/p><\/blockquote>\n

Split On Market Forecast<\/h2>\n

Meanwhile, the broader crypto analyst community remains divided<\/a>. Some echo Brandt’s sentiments, seeing the market’s current state as a temporary correction before a bullish reversal.<\/p>\n

Others, like analyst Scott Melker, suggest<\/a> more bearish outcomes. They note the absence of key support levels that could lead to further declines if not held. Melker’s analysis indicates that, without these supports, Bitcoin could freefall to as low as $52,000<\/a>.<\/p>\n

Further complicating the landscape are indicators like the Relative Strength Index (RSI), which Melker points out has not reached oversold levels \u2014 typically a sign of a potential rebound.<\/p>\n

\n

$BTC<\/a> Daily<\/p>\n

Broke and retested range lows as resistance. Nothing but air until around $52,000 on the chart.<\/p>\n

My biggest concern I have been discussing for months (in newsletter) is that RSI never made the trip to oversold.<\/p>\n

Almost there now, all lower time frames oversold.<\/p>\n

This\u2026 pic.twitter.com\/5YZTWipBo8<\/a><\/p>\n

\u2014 The Wolf Of All Streets (@scottmelker) May 1, 2024<\/a><\/p><\/blockquote>\n

This absence suggests a tepid confidence among investors, potentially paving the way for further price drops.<\/p>\n

Related Reading: Bitcoin Slide Over? Top Analysts Unanimously Call $56,000 The Bottom<\/a><\/div>\n

Despite the debates and technical analyses, the sentiment among some traders remains buoyantly optimistic. Traders like Marco Johanning argue that the structural market dynamics still favor a bull market scenario<\/a>. This suggests that Bitcoin’s current price adjustments are part of a broader upward trend that will resume soon.<\/p>\n

\"Bitcoin
BTC price is moving sideways on the 4-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Seasoned trader Peter Brandt has reignited discussions with a bullish Bitcoin forecast that could see the premier cryptocurrency soar to new heights. Amid skepticism and divergent market opinions, Brandt’s projection places Bitcoin on a potential path to reclaim its all-time high near $74,000. Related Reading: Bitcoin Bull Run Over? Analyst Predicts What To Expect Now Brandt’s Bullish Bitcoin Vision Peter Brandt, synonymous with market foresight, recently outlined a scenario where Bitcoin could experience a significant rally. His analysis, shared via a social media post on X with a BTC analyzed chart, suggests Bitcoin’s recent price movements align with patterns historically indicative of a bull market’s continuation. Despite the market’s recent downturns, Brandt’s projection points towards a potential surge to $74,000, a figure mirroring Bitcoin’s peak valuation. While Brandt’s optimistic outlook for Bitcoin has garnered attention, it also faces scrutiny from parts of the crypto community. Critics point to his past predictions, including significant downturns and peak valuations, as a reason for caution. Bruh was writing articles about Bitcoin Top and now saying it’s a correction. Come on man, Choose a side. \u2014 Sial (@aftabsial8) May 2, 2024 In response, Brandt emphasizes the critical role of adaptability in trading, noting: I can tell you know that you will end up losing all your capital. I’ve supported myself by trading for 50 years and know that successful traders have and execute the ability to be flexible. I’ll welcome your money. Split On Market Forecast Meanwhile, the broader crypto analyst community remains divided. Some echo Brandt’s sentiments, seeing the market’s current state as a temporary correction before a bullish reversal. Others, like analyst Scott Melker, suggest more bearish outcomes. They note the absence of key support levels that could lead to further declines if not held. Melker’s analysis indicates that, without these supports, Bitcoin could freefall to as low as $52,000. Further complicating the landscape are indicators like the Relative Strength Index (RSI), which Melker points out has not reached oversold levels \u2014 typically a sign of a potential rebound. $BTC Daily Broke and retested range lows as resistance. Nothing but air until around $52,000 on the chart. My biggest concern I have been discussing for months (in newsletter) is that RSI never made the trip to oversold. Almost there now, all lower time frames oversold. This\u2026 pic.twitter.com\/5YZTWipBo8 \u2014 The Wolf Of All Streets (@scottmelker) May 1, 2024 This absence suggests a tepid confidence among investors, potentially paving the way for further price drops. Related Reading: Bitcoin Slide Over? Top Analysts Unanimously Call $56,000 The Bottom Despite the debates and technical analyses, the sentiment among some traders remains buoyantly optimistic. Traders like Marco Johanning argue that the structural market dynamics still favor a bull market scenario. This suggests that Bitcoin’s current price adjustments are part of a broader upward trend that will resume soon. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":558480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,441,629,678,5754,1119,78790,6664],"class_list":["post-606307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-market","tag-bitcoin-prediction","tag-bitcoin-trader","tag-btc","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\nBitcoin Make-Or-Break Moment: Trading Guru Predicts Rally Amid Market Uncertainty<\/title>\n<meta name=\"description\" content=\"Seasoned trader Peter Brandt has reignited discussions with a bullish Bitcoin forecast that could see the premier cryptocurrency...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin’s Make-Or-Break Moment: Trading Guru Predicts Rally Amid Market Uncertainty","url":"http:\/\/ktsl888.com\/news\/bitcoin-make-or-break-moment-trading-guru-predicts\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-make-or-break-moment-trading-guru-predicts\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Price-Tide.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Price-Tide.jpg?fit=900%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin analysis","bitcoin market","bitcoin prediction","bitcoin trader","btc","btcusdt","crypto"],"dateCreated":"2024-05-03T04:00:18Z","datePublished":"2024-05-03T04:00:18Z","dateModified":"2024-06-11T07:04:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin’s Make-Or-Break Moment: Trading Guru Predicts Rally Amid Market Uncertainty\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-make-or-break-moment-trading-guru-predicts\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-make-or-break-moment-trading-guru-predicts\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Bitcoin-Price-Tide.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Bitcoin-Price-Tide.jpg?fit=900%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin analysis\",\"bitcoin market\",\"bitcoin prediction\",\"bitcoin trader\",\"btc\",\"btcusdt\",\"crypto\"],\"dateCreated\":\"2024-05-03T04:00:18Z\",\"datePublished\":\"2024-05-03T04:00:18Z\",\"dateModified\":\"2024-06-11T07:04:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Price-Tide.jpg?fit=900%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/606307"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=606307"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/606307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/558480"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=606307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=606307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=606307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}