Bitcoin to hit $120,000 in 2023 making it an all-time high, a twitter user has explained.
The revelation was made after Peter Brandt sent out a cryptic Christmas wishes to his over 690k Twitter followers.
The highly regarded technical trader, who has been in the business since the 1970s shared a trader’s sketch of a Christmas tree on an empty Bitcoin chart.
The tree’s base is below the $10k price point at about $9,600, while the decorative star peaks above $120,000. Comments show users believe this is Brandt’s prediction for Bitcoin’s bottom and next all-time high, respectively.
A twitter user explained the message as “Merry Christmas, thats mean btc is to go down to 10k then we land on the star at 120k ath,”
As at October, Bitcoin’s (BTC) price was sticking around $19,200 , and had stayed below $20,000 for over two weeks but is currently selling at $16,660.27.
Check out Peter Brandt’s tweet below
That's it for me until next week. Merry Christmas.
Isaiah 9.6 pic.twitter.com/Mc4dptfaWE
— Peter Brandt (@PeterLBrandt) December 22, 2022
Bitcoin expects to chop a little, moving between $17,000 and $23,000 for the next year, Peter Brandt told CoinDesk TV in a post on Oct 24, 2022.
Bitcoin is dull – and will probably be dull for the next year and a half — but it will eventually see all-time highs thereafter, Peter Brandt, founder and CEO of proprietary trading firm Factor LLC, said Monday on CoinDesk’s “First Mover” program.
“We [will] just chop between … let’s say $17,000 and $23,000,” said Brandt. “I think we will bottom here at some point in time, maybe early next year, but then I’m not looking for bitcoin really to become exciting again for another couple of years.”