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Learning & News => News related to Crypto => Topic started by: sirty143 on February 01, 2024, 09:52:00 AM

Title: Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend He
Post by: sirty143 on February 01, 2024, 09:52:00 AM
Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend Healthy

(https://i.imgur.com/YQoXZLWm.jpg)

Veteran trader Peter Brandt has highlighted a bitcoin price pattern that frequently appeared in past major bull runs. “It is the Hump …Slump …Pump… Dump [HSPD] that keeps a bull trend healthy,” he explained, emphasizing... See more for yourself here (https://news.bitcoin.com/peter-brandt-highlights-bitcoin-price-pattern-key-to-keeping-btcs-bull-trend-healthy/).

Your opinion is greatly appreciated.
Title: Re: Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend He
Post by: Charles-Tim on February 01, 2024, 10:26:25 AM
The man that was sceptical about bitcoin halving:

Quote
However, the trader is skeptical about the impact of the Bitcoin halving on the price of BTC. On Dec. 21 last year, he explained on X: “The Bitcoin halving hype is a whole lot of excitement over nothing. Sure, halving hype might temporarily impact price. But the reduction of supply as % of daily volume is the size of a gnat’s ass.”

He failed to realize that halving has a role to play in the bitcoin price that he says it is healthy. He failed to realize that during halving, bitcoin mined into circulatory supply is becoming reducing.

Bitcoin price is not new to us. We know that the price volatility is healthy as all-time-high is achieved almost every 3 to 4 years. Let us see if this will happen againin 2024/2025. It will definitely happen.
Title: Re: Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend He
Post by: Husires on February 01, 2024, 11:03:29 AM
Economists love to turn everything from the perspective of arrow trends, so you will find them reduce the effect of the bitcoin haalving or anything that makes bitcoin independent origin and is not related to the rest of the assets they run. You always find them analyzing bitcoin according to the trends of the stock market, which sometimes shows correlation, but often bitcoin moves uniquely from the rest of the market trends.
Title: Re: Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend He
Post by: Captain Corporate on February 01, 2024, 04:24:40 PM
Maybe not everything has to be a pattern, I get that sometimes it does feel like a pattern to do something like that but there are also times when it is totally random and has nothing like that at all? Four year cycle has become some sort of pattern so far, and we will see if it is like that again. If the price starts to go up about around late October or somewhere in November, be higher than ATH by the end of the year or start of the new year, and then peak at around spring of 2025, then that means it did exactly what people assumed that it would do, and that would be the most important part. I think that's the one that decides it all.
Title: Re: Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend He
Post by: Don Pedro Dinero on February 01, 2024, 04:39:06 PM
Quote from: Captain Corporate on February 01, 2024, 04:24:40 PM
Maybe not everything has to be a pattern, I get that sometimes it does feel like a pattern to do something like that but there are also times when it is totally random and has nothing like that at all?

The problem with patterns is that they do not exist. They are inventions we humans make when we try to understand the past by projecting regularities. The problem comes when we go on to project regularities into the future, which work until events begin to not fit the projected pattern. This very cycle is an example where the pattern that everyone expected based on the previous cycles was broken.

The most famous example of pattern-based bitcoin price prediction is the S2F model, which look how it turned out. Repeatedly failing in its predictions and the author insisting and reformulating the pattern rather than giving it up as incorrect.

Title: Re: Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend He
Post by: Z-tight on February 01, 2024, 07:03:54 PM
I don't know what he is trying to say, but that is his own opinion, i have never heard of a pattern like this concerning BTC and i am not even interested in it. It is easy to get information about BTC yourself, it is easy to understand what drives BTC price during bull runs, especially right after a halving, i don't need Peter Brandt or anyone else to educate me on it.