Veteran trader and Factor LLC CEO Peter Brandt has revived his well-known Bitcoin logarithmic chart from June 2019, suggesting that BTCs long-term parabolic trend remains intact as the cryptocurrency trades above $80,000. Brandt resurfaced the historical forecast as Bitcoin tested resistance around $82,000, drawing renewed attention to a model that originally projected BTC reaching $100,000. When Brandt published the chart in June 2019, Bitcoin was trading near $10,000. The trader, who has more than four decades of market experience, previously argued that Bitcoins cyclical price performance… Read more
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