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Peter Brandt

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cryptocurrency1 year ago

XRP's Meteoric Rise: From Skepticism to Chart Dominance

A former skeptic of XRP, Peter Brandt, has unexpectedly praised the cryptocurrency's current price chart as the most powerful in the crypto world, sparking optimism among its supporters. This shift in sentiment comes amid XRP's relative stability and Ripple's strategic partnerships, which have bolstered its appeal. Additionally, Ripple's recent partial court victory against the SEC has helped restore investor confidence, suggesting potential for long-term growth despite ongoing regulatory challenges.

via NewsBTC|
#cryptocurrency#peter-brandt#ripple
cryptocurrency1 year ago

Dogecoin's Future: Experts Predict Price Surge Amid Market Fluctuations

Dogecoin has surged 210% in the past 34 days, driven by excitement over the Department of Government Efficiency initiative led by Elon Musk. Despite a recent plateau, legendary trader Peter Brandt and analyst @Kultigin83 identify a bullish 'running continuation flag' pattern on the DOGE/USD chart, suggesting a potential price target of $0.66. This pattern indicates that Dogecoin's upward momentum may continue if it breaks out from its current consolidation phase.

via NewsBTC|
#cryptocurrency#cryptocurrency-market#dogecoin
cryptocurrency1 year ago

Bitcoin's Meteoric Rise: Expert Insights and Investor Caution

Veteran trader Peter Brandt believes that Bitcoin's bull market is just getting started, comparing the current monthly candle to the one in late 2020, indicating a potential "starting" candle. He attributes the surge in Bitcoin and other risk assets to investors' belief that the US government's massive debt accumulation is destroying the dollar. Brandt sees owning stocks as a short US dollar play and views the current market movements as reflective of inflation and the destruction of fiat currencies. At the time of writing, Bitcoin is trading at $61,890, while the US national debt sits at a record $34.47 trillion.

via The Daily Hodl|
#bitcoin#cryptocurrency#inflation