Peter Brandt Foresees Significant Bitcoin Surge, Advises Pippen on Investment Strategy

Renowned market analyst and chartist Peter Brandt has publicly advised retired NBA star Scottie Pippen to consider acquiring Bitcoin around the $42,000 mark. Brandt, who accurately anticipated Bitcoin's downturn in 2018, shared his perspective on the X platform, responding to a positive sentiment from Pippen. The strategic entry point suggested by Brandt corresponds to the lower boundary of his distinctive Bitcoin channel model, colloquially termed the "banana," which has historically aligned with bear market bottoms on logarithmic charts.

Based on the trajectory indicated by this unique analytical tool, Brandt projects that Bitcoin could surpass the $250,000 threshold by the close of 2029.

#BTC #PeterBrandt