Bitcoin enters the fourth cycle of parabolic growth to $ 100,000

Exchange market veteran Peter Brandt admits that bitcoin could enter the fourth cycle of parabolic growth , which will lead its course to new historical highs. He wrote about this on his Twitter.

The sharp rise in Bitcoin (BTC) Brandt predicted back in April, when his rate in one day rose by almost 20%. Soon after, cryptocurrency peaked for 2019 at around $ 13,800, and then began to gradually decline to current levels. According to Brandt, the goal for the last cycle of rising bitcoin prices may be the mark of $ 100,000.

Possibility that $ BTC has entered fourth parabolic phase https://t.co/q4nAgkVJff pic.twitter.com/PL2LQ4ANOY

– Peter Brandt (@PeterLBrandt) September 1, 2019

In a recent interview, Brandt called on CNBC viewers to look at the long-term charts, which began in 2011-2012, to observe the dynamics of the parabolic upsurge of the course.

“We had two parabolic movements in one market. This is unheard of! ”He said then.

Altcoins , according to Brandt, are in a less favorable position, and XRP, for example, can wait for a collapse of up to $ 0.020725.

This Monday, Bitcoin was trading around $ 9,600, after which it was able to rise by 7% during the day, to $ 10,400.

Altcoin price changes are predominantly expressed at near-zero values. Bitcoin's dominance index as a result of recent movements came close to 70%.

Publication date 09/03/2019
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