He also shared his thoughts on the outlook for the main cryptocurrency’s current market. Plus, he hinted at a research project he is working on. The goal is to uncover “real classic patterns” in the price history of Bitcoin. The project will focus on chart structures unique to the cryptocurrency’s market cycles.
If Brandt releases his study on historical price patterns, it could reveal repeating structures that the trading guru thinks are real indicators of Bitcoin’s price behavior. This is big because the research might give us new insights into past market cycles of the “new gold” and unique patterns that could influence future price expectations.
He also mentioned an approach that looks at price swings from the November 2022 low to the March 2024 high, along with levels seen in August 2024.
Despite all these projections, Brandt said he is focusing on one target at a time and is being cautious with predictions and risk management.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
