Cryptocurrency investors are familiar with Peter, who has been sharing his market insights for years and gaining attention. The seasoned trader has shared his first comprehensive assessment for March, shedding light on future events. At the time of writing, the BTC price was at $61,700, and the recent pullback significantly erased gains in altcoins.
World-Famous Crypto Analyst
Addressing over 700,000 investors, Peter Brandt successfully predicted the major cryptocurrency crash in 2017. Now, after a short-term $20,000 increase in Bitcoin price, he shares his views on whether this trend will continue.
Having been involved in financial markets for decades, the renowned trader Peter Brandt believes that the Bitcoin bull season has just started following a 45% increase in February. According to the analyst, the recent monthly candlestick closely resembles the one from the days when BTC reached its all-time high of over $20,000.
“We must not forget that big monthly bars are often ‘beginnings’. They can sometimes be ‘rising’ candles or signals of ‘end’ or ‘explosion’.
But if you ask me, I think this is a ‘beginning’ candle. Pay attention to the candle at the end of 2020. The example from October 2021 is also a good reference.”
Expert Predictions on Market Dynamics
Brandt is not just focused on the Bitcoin chart. There are abnormal movements in many assets. Oil, gold, and stocks are fluctuating, affecting cryptocurrencies. The famous figure highlights these changes, asking “what’s happening in the world?”
“A breakout in crude oil.
Gold is preparing for a major rise.
Stocks are at new highs.
Bitcoin is rising.
WHAT’S HAPPENING IN THE WORLD?
All this relates to the demise of the US dollar. Analysts say the US debt burden will cause stocks to fall. Quite the opposite. Owning stocks is the same as being short on the US dollar. Being long on any asset – be it art, diamonds, real estate, crypto, stocks, you name it – means shorting the US dollar.
This also reflects on inflation. The destruction of the US Dollar and other fiat currencies is something like this.”
