Legendary Trader Peter Brandt Says Dogecoin All-Time Highs Near, Predicts Bitcoin Will ‘Rock’ Gold – Here’s Why

Veteran dealer Peter Brandt says Bitcoin (BTC) will vastly outperform gold after printing a bullish sample on the longer-term chart.

Brandt shares a chart together with his 745,000 followers on social media platform X exhibiting that Bitcoin is in a transparent uptrend when priced in gold (BTC/XAU).

Based on Brandt, BTC/XAU has printed a three-year reverse head and shoulders (H&S), with the final a part of the sample – the suitable shoulder – now enjoying out.

An inverted H&S means that demand for an asset will increase with out the value having to backside out once more.

“Bitcoin or Gold – Which Retailer of Worth is King The BTC/XAU chart has accomplished a channel that serves as the suitable shoulder of a large continuation of the inverse H&S Bitcoin will rock gold regardless of what
[gold advocate and Bitcoin critic] Peter Schiff thinks or says.”

On the time of writing, Bitcoin is buying and selling at $74,547, just under the newest all-time excessive on November 5.

Brandt additionally has his eye on Dogecoin (DOGE), the most important memecoin by market cap, and Elon Musk’s favourite cryptocurrency.

The veteran dealer says new all-time highs (ATHs) are imminent after an inverse H&S kinds and breaks out of a channel.

“We belief Musk

DOGE confirms the channel breakout with huge underlying worth accumulation and new ATHs across the nook.”

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Generated picture: Midjourney