Well-known trader of classical charting principles since 1980 and author, #1 Amazon trading book "Diary of a Professional Commodity Trader," Peter Brandt, claims bitcoin (EXANTE: Bitcoin) has taken aim at $100,000 target.
At press time, bitcoin is trading at $10 786,44 (+9,62%).
Brandt notes the leading crypto is experiencing its fourth parabolic phase dating back to 2010.
"No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other," he added.
Previously iHodl reported that Tom Lee, Managing Partner and the Head of Research at Fundstrat Global Advisors, suggested that the leading by market cap crypto after breaching $10,000 may hit its all-time high at $40,000 because of a FOMO trigger.
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