Bitcoin financial expert warns of piecemeal progress until next record high in 2024.
Bitcoin (BTC) will hit a new record high by the end of next year, according to veteran trader and analyst Peter Brandt. However, he warns that crypto investors should be prepared for a lot of “piecemealing” between now and then. Brandt emphasizes that the Bitcoin price has probably already bottomed out in November 2022 and that the market-leading cryptocurrency is already on track to reach new record highs by the third quarter of 2024. However, Brandt points out that such future forecasts are never completely certain, as the financial markets basically “always” have a surprise in store. The experienced financial expert also recommends partly...

Bitcoin financial expert warns of piecemeal progress until next record high in 2024.
However, Brandt points out that such future forecasts are never completely certain, as the financial markets basically “always” have a surprise in store.
The experienced financial expert also recommends the so-called Renko chart as a trustworthy tool for analyzing the Bitcoin chart. The chart has only made five incorrect forecasts in the last five years.
The recent rise in the Bitcoin price is attributed by many observers to the increasing likelihood of the first “direct” Bitcoin ETF being approved soon. According to experts, the chance of this happening is now 90%.
There is massive institutional interest in Bitcoin, which is still waiting for such a financial instrument to be approved.
Source: According to a report by en.cointelegraph.com
Read the source article at de.cointelegraph.com