Peter Brandt, a legendary investor who conducted a market assessment of the price of Bitcoin (BTC), was hopeful that the trend would be upward.
In a statement used on Twitter on October 8, Brandt pointed out that the acquisition of digital payments company Square for $50 million in Bitcoin was a very good development.
The celebrity analyst impressed with the outlook for a big buy signal in the weekly and daily charts in his message.
Brandt quoted the message from Square, which bought BTC worth $ 50 million.:
“IT’S A BIG DEVELOPMENT FOR A GLOBAL COMPANY TO PUT BITCOIN ON ITS BALANCE SHEET. THE WEEKLY AND DAILY CHARTS ARE READY TO SHOW A GREAT SATIN GETTING SIGNAL.”
Renowned analyst Tuur Demeester, who reflected on Brandt’s message, also agreed with this view.
“I wasn’t buying Bitcoin,” he said a month ago
As reported by the press, Peter Brandt announced on September 15 more attractiveness of his traditional markets. “I think there are more results in the exchanges now than there are in the crypto market,” he said. Brandt described both Bitcoin and Ether (ETH) as “weak” and made the following statement:
“I THINK BITCOIN LITERALLY NEEDS TO REACH AN ALL-TIME HIGH AND EVEN RISE ABOVE $14,000 TO GO BEYOND THAT.”
