Yesterday, the renowned Trader and Analyst Peter Brandt indicated in a Tweet that Bitcoin “might” go into the next stage of his next/fourth parabolic price rally. But what his forecast is based really?
Possibility that $BTC has entered the fourth parabolic phase https://t.co/q4nAgkVJff pic.twitter.com/PL2LQ4ANOY
— Peter Brandt (@PeterLBrandt) 1. September 2019
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Bitcoin to the Moon?
Raoul Pal, whose Tweet Peter Brandt used in his Post, spoke specifically to the Pattern-Formation on the Bitcoin chart diagram, which is a more robust, in his opinion, an upward trend indicator. He pointed to the idea that BTC could be a possible way out of a looming recession.
Raoul based its Considerations on a number of factors, namely, the full deflationary breakdown of the commodity index, the banking system of the European Union (EU) and Japan. He predicted a potential Yield decline of four percent for the two-year U.S. Treasury.
What happens if the bond bears are wrong and the shock is not a sharp rise in yields, but instead a fall in yields so far yet unimagined. How about -4% in the US 2 years? pic.twitter.com/F8QGbJ5pZC
— Raoul Pal (@RaoulGMI) 31. August 2019
Bitcoin fundamentals are strong
Opinions about the correlation of Litecoins course development prior to the upcoming Halvening bitcoin be imminent Halving Event, according to the Analyst error PlanB.
In contrast to Litecoin, Bitcoin has a significant Stock-to-Flow Ratio and the halving of the Cryptocurrency in may 2020 in this regard is quite relevant. This in turn will have a positive impact on the Bitcoin price.
By request and despite the fact that I think that alts theoretically don’t have ‘unforgeable costliness’ .. I decided to make a #Litecoin #LTC stock-to-flow model (data from Sep 2013). R2 is low .. 25%. Current S2F value is $27 (after 2019 halving $65). Can somebody pls verify?! pic.twitter.com/3RmjaELKv0
— PlanB (@100trillionUSD) 8. June 2019
PlanB has, however, clarified that the Bitcoin Stock-to-Flow model says the price of BTC at any time before the height. What it does, however, is the prediction of what the level of the Bitcoin exchange rate will fluctuate. Also, the prominent Bitcoin Investor Alistair Milne expects no slump, because we are so close to the Halvening Event.
$ 28,000 per Bitcoin, according to Keiser
Max Keiser cited game theory and commented on the latest explosive Bitcoin Mining Hash Rate Performance, and sat in one of his recent Tweets, a 28,000 $ Bitcoin price target.
#Bitcoin hash approaches 90 Quintillion. Per protocol’s hard-coded Game Theory, the hash precedes price. $28,000 in play.
— Max Keiser, tweet poet. (@maxkeiser) 1. September 2019
Hash rate refers to the amount of computing power for the Bitcoin network. The more Hashes are involved per second, the more Miner are devoted to the processing and validation of transactions.
A higher network Hash-Rate means more safety and a better decentralization. Currently, Bitcoin is clocked in a historical high of 84.033.177 TH/s, according to data from Blockchain.com.
Record in the ten year history of BTC
Text evidence: bitcoinis, HIMADRI SAHA