Old-school commodities trader Peter L. Brandt, who has been in the trading business since the 1970s, has taken to this account on the social media platform X (widely known as Twitter in the past) to share an important BTC message with the global crypto community.
Peter Brandt’s “Bitcoin window” statement
Peter Brandt often publishes X posts about Bitcoin, Ethereum, Solana, and sometimes other cryptocurrencies. In the past, he also commented on XRP price moves until he found the XRP community’s responses too toxic at times. According to Brandt’s tweets, he believes in the potential of Bitcoin best of all. While he dislikes Ethereum, for example, though, he would still continue to trade it, he tweeted once, if he saw a good opportunity for it.
Today, he commented on the current position the world’s flagship crypto Bitcoin has found itself in. Brandt revisited the BTC chart which he first published on October 15, saying that this is “worth repeating.”
“Bitcoin price in the window,” the trader said. According to Brandt, Bitcoin may either “escape through the window”, i.e. start surging or “have the window slammed on its head.”
Worth repeating
Bitcoin price is in the window
Will Bitcoin escape through the window or have the window slammed on its head?
Thoughts? https://t.co/GeAoDH2Fsr— Peter Brandt (@PeterLBrandt) October 16, 2024
Bitcoin price performance
Over the last 24 hours, the leading digital currency has demonstrated growth of nearly 4%, rising from $65,382 to the $67,900 zone, where it is trading at the time of this writing.
Curiously, on Tuesday, Bitcoin printed a massive green candle on an hourly chart, pushing up 3.46%, which was followed by a red candle of the same size. Earlier this week, on Monday, an hourly green candle lifted Bitcoin by 2.75%.
Overall, since Sunday, BTC has seen an impressive increase of slightly more than 10%. Since October 10, after reaching a local bottom of $59,355, BTC has soared by roughly 14.20%.