Veteran commodities trader Peter Brandt shared what should be accompanied by a frightening Bitcoin price prediction to reveal when he will turn his Twitter picture into the once-fashionable “laser eyes”.
“If Bitcoin goes to $27,111”
Peter Brandt posted a chart showing the lower threshold of the current range where Bitcoin is trading at $28,805 and the upper limit being $69,000. To recall, BTC reached its ATH price in November. The analyst says he will add “laser eyes” to the Twitter picture if BTC drops from the current level of $43,409 to $27,111. However, he adds that this is not a BTC price prediction. In his Twitter thread, he stated that a few users now believe a downward move is possible.
“Laser eyes” flashmob, BTC in February 2021 emerged among Bitcoin users who strongly believe that they will eventually reach at least $100,000. Prominent Bitcoin users who participated in this flash mob included Binance’s CZ Max Keiser, Michael Saylor, and even Elon Musk.
“The next rocket stage will fire in May 2024”
In a tweet published two days ago, the famous chartist stated that the BTC price could rise again in May 2024. He explained by saying that it usually takes 33 months for Bitcoin to move into the 10x growth phase. However, Brandt underlined that he does not believe that history will repeat itself in the case of BTC.
By the way, Brandt tweeted as founder of Vailshire Capital Management and its CEO, Dr. It’s directed at Jeff Ross. Ross is one of the attendees of the Bitcoin 2022 event and Brandt wishes him luck.
Analysts identify two critical resistance zones for $52k
According to Akash Girimath, whose analysis we shared as Kriptokoin.com, if Bitcoin closes a daily candle below $40,490, the bullish thesis may be invalidated. Also, this scenario could lead to the massive crypto meltdown falling to the next support level of $34,752. The analyst thinks that for BTC price to have any chance of rising, it must retrace the yearly opening at $46,198. After this level, the bulls will take the stage again to surpass the psychological resistance of $50,000.
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