Legendary Trader Peter Brandt Says Dogecoin All-Time Highs Near, Predicts Bitcoin Will ‘Rock’ Gold – Here’s Why
Veteran trader Peter Brandt says that Bitcoin (BTC) is set to vastly outperform gold after printing a bullish pattern on the longer-term chart. Brandt shares a chart with his 745,000 followers on the social media platform X showing Bitcoin in a clear uptrend when priced in gold (BTC/XAU). According to Brandt, BTC/XAU has printed a three-year-long inverse head and shoulders (H&S), with the final part of the pattern – the right shoulder – playing out now. An inverse H&S suggests that demand for an asset is rising without the price having to revisit the lows. “Bitcoin or Gold – which store of value is king BTC/XAU chart has completed a channel serving as the right shoulder of a massive continuation inverted H&S Bitcoin is going to rock Gold despite what [gold advocate and Bitcoin critic] Peter Schiff thinks or says.” Source: Peter Brandt/X At time of writing, Bitcoin is trading at $74,547, just below its most recent all-time high hit on November 5th.