The trend reversal: the bitcoin course is entering a new parabolic growth phase

Peter Brandt, an experienced trader and crypto enthusiast who surprisingly accurately predicted the fall of Bitcoin to $ 4,000 as early as January 2018, well before anyone could have imagined, published a rather bullish message on his Twitter account that BTC was included in new parabolic phase.

Supporting the idea with the above schedule, Brandt refers to 2015 with similar signs of a trend reversal, pointing to a possible bottom of December 18, 2018, or at the same level, but after a while by analogy with 2015.

Either from Dec '18 low or from retest of same (circa analog dbl bottom in 2015) it would not surprise me if $ BTC enters a new parabolic phase. $ btcusd pic.twitter.com/XV89Qz7P4n

– Peter Brandt (@PeterLBrandt) April 5, 2019

In late 2018, in an interview for Yahoo, Finane Brandt was worried that a strong bearish trend could lead to a bitcoin of $ 1,200, which did not happen.

At the same time with bearish forecasts, Brandt is a staunch supporter of cryptocurrency and blockchain technologies , counting on growth in the long term, recalling that strong hands are buying from the weak as BTC depreciates.

Thomas Lee, managing partner and head of research at independent research company Fundstrat Global Advisors, said another bullish forecast, this time stating that the "fair value" of bitcoin is $ 14,000 .

“2018 was a harsh year for Bitcoin, but for most of 2019 it gradually went up. The reason for this could be positive changes in adoption, in addition, as you know, the first cryptoketes continue to buy Bitcoin . Thus, there is a slow and steady accumulation, ” Li said.

Publication date 06/04/2019
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