- Bitcoin (BTC) is Possibly Entering the Next Phase of its Fourth Parabolic Price Rally
- This is the Best Time to Get on the “Bitcoin Rocket Ship”
- Max Keiser Gives Bitcoin Price Prediction of $28k
Bitcoin News Today – The price of Bitcoin (BTC) and other cryptocurrencies in the market has been somewhat stagnant over the past few days. Bitcoin (BTC) has been struggling around the $9,600 range since it broke below the $10k level. However, BTC to USD price just started a sharp rally that could potentially push it over the $10k range. Peter Brandt – a crypto trader and analyst – recently tweeted that Bitcoin (BTC) might be entering into its next parabolic price rally. Has the next Bitcoin bull run started? When will Bitcoin recover?
Bitcoin (BTC) Price Today – BTC / USD
Bitcoin (BTC) Is More Likely Entering Its Fourth Parabolic Price Rally, Peter Brandt
Peter Brandt disclosed his opinion via a tweet. The analyst shared his opinion by retweeting a tweet from the CEO and founder of Global Macro Investor and Real Vision Group – Raoul Pal. In Pal’s tweet, he said, “If you do not have Bitcoin (BTC) then this looks like the last time to board the rocket ship.”
— Peter Brandt (@PeterLBrandt) September 1, 2019
If the next parabolic price rally of Bitcoin (BTC) has really started, then this is a great time to invest in the digital currency. The CEO also talked about the formation of a wedge pattern on the price chart of Bitcoin. According to Pal, the wedge pattern is a vigorous upward trend indicator itself. Pal doubled down on Bitcoin (BTC) as a great investment option. He also believes it is a potential way of getting out of a forthcoming recession. The ideas of the CEO are based on several factors, the deflationary, complete breakdown of the Commodity Index, the Japanese banking system, and the European Union. Pal also extended his analysis to a reduction of 4 percent for the two-year United States Treasury.
Bitcoin Price Prediction – Max Keiser Sets a $28k Price Target for Bitcoin (BTC)
Bitcoin News Today – Max Keiser recently released a pretty bullish Bitcoin price prediction. The tweet poet, as he calls himself, has set a price target of $28,000 for Bitcoin (BTC). He gave his Bitcoin price prediction based on the latest upsurge in Bitcoin mining hash rate performance. The tweet poet came to that conclusion based on the “protocol’s hard-coded Game Theory, hash precedes Bitcoin.”
#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
The hash rate of Bitcoin (BTC) is the measure of computing power servicing the network. The higher the hash rate, the more difficult and secure the network would be. If the hash rate is high, miners would need to devote more power to processing and validating transactions.
Another factor that could contribute to this BTC price prediction is the forthcoming Bitcoin halving. The halving event will take place in May next year. Many believe that the outcome would not be similar to that of Litecoin’s. They believe the price of Bitcoin (BTC) will surge before and after the halving in May next year.