Popular crypto analyst and trading strategist Peter Brandt says bitcoin’s charts are setting up for a massive price run which could take BTC to another all-time high.
According to a tweet he published, Brandt claimed that bitcoin was setting up for a “massive symmetrical triangle.” The long-time trader said his interpretation of the charts pointed towards another all-time high for bitcoin, before settling at $50,000.
Brandt also predicted a breakout for XRP, saying the coin was forming a possible inverted head and shoulders bottom. He took aim at Ripple Labs, the parent company behind XRP, for being a “bag holder” for the crypto-asset and a major beneficiary if the price were to take off.
Elliott wave analyst and crypto trader Benjamin Blunts also pointed to a potential breakout for XRP, saying the crypto-asset looked like it was ready to “rip real soon.” The veteran trader pointed to a large bull flag breakout forming on the charts.
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