Famous trader Peter Brandt stated that Bitcoin (BTC) could be 10 times higher in two years.
Brandt thinks that the leading crypto may continue to move in a horizontal line for a long time.
Brandt’s prediction came in response to a tweet from Bitcoin advocate Tuur Demeester.
The famous trader recently suggested that according to the course of the market cycles, the value of Bitcoin could fire like a rocket in 2024.
Bitcoin has been in a volatile structure lately. The asset’s value fell below the $40,000 level for the first time since mid-March.
However, the correlation between Nasdaq and Bitcoin has recently reached a new record high. Investors rush to exit risky assets because of the Fed’s policies.
Bitcoin dominance has also dropped to 41% after the recent price movements.
The asset is trading at $41,221 at the time of writing, according to CoinMarketCap data.
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