Crypto trader Peter Brandt believes bitcoin has entered fourth parabolic phase. He tweeted his opinion in response to Raoul Pal’s tweet, who earlier said that this might be the last chance to board the rocket ship referring to bitcoin price.
Peter Bandt is known in the industry for his nuanced observations. Latest observation has come as positive news for the bitcoin community. CEO of Global Macro Investor and Real Vision Group, Raoul Pal who tweeted the graph of bitcoin price saying that who have not invested in bitcoin yet this might be the last chance as bitcoin’s price will surge from here. At the time of writing, BTC is trading $9,793.
Possibility that $BTC has entered fourth parabolic phase https://t.co/q4nAgkVJff pic.twitter.com/PL2LQ4ANOY
— Peter Brandt (@PeterLBrandt) September 1, 2019
BTC price saw a massive surge in the last week of July, but since then it has struggled to keep up and saw ups and downs throughout August. Earlier when BTC was showing an upward trend, many crypto experts predicted that bitcoin might go on to break its previous best and go above $20,000, but it did not happen as bitcoin remained below $11,000.
Peter and Raoul Pal’s predictions have given hope to the bitcoin enthusiasts as they eagerly wait for bitcoin to climb up. Earlier, founder of HeisenbergCap, Max Keiser also brought the attention of the bitcoin community towards the bitcoin hash and according to per protocol’s hard-coded Game Theory bitcoin might touch $28,000.
#Bitcoin hash approaches 90 Quintillion. Per protocol’s hard-coded Game Theory, hash precedes price. $28,000 in play.
— Max Keiser, tweet poet. (@maxkeiser) September 1, 2019
