Peter L. Brandt Claims Bitcoin Is Putting In Its Cycle Low "Now" – newsbtc.com

Career commodities trader Peter L. Brandt is now claiming that Bitcoin is putting in a “low for this cycle now,” according to a new TradingView post.
This call for a bear market bottom is already being met with skepticism, but given the chilling accuracy at which Brandt had made related to his cryptocurrency bets in the past, there could be more validity than investors are ready to accept.
In a new TradingView post currently trending on the charting platform’s editor’s picks section, career commodities trader Peter L. Brandt says that the cycle lows for the crypto market are taking place “now.”
Although Brandt doesn’t directly state that the bottom is already in, he does believe that Bitcoin’s behavior is “predictable” and should see a strong advance after the recent, nearly 80% decline.
Brandt famously called for an 80% decline in BTCUSD in late January 2018 after the 2017 parabolic advance was violated. Back then, Brandt called it a “general TA rule, eventually nailing his sub-$4,000 target some eleven months later in December of the same year.

“I do not expect Bitcoin to run away to the upside, but rather work higher toward late 2023/early to mid 2024 when the ATHs are retested,” he explained, sharing the chart above to justify the analysis.
The Factor LLCCEO is a classical chartist, and in his TradingView post shares a 6-month timeframe bar chart. Other visual cues aiding his analysis include the largest sell volume ever on the BTCUSD index chart.
Peter L. Brandt has earned himself a polarizing reputation in the cryptocurrency community. The comments section is already taking jabs at the trader with 40 years experience.
According to the CMT Association, Brandt founded Factor LLC in 1980, but entered the commodities trading business beginning in 1976 with ContiCommodity Services.
He is also published author, releasing the book “Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading” in 2011 – the same year he was named one of the 30 most influential persons in the world of finance by Barry Ritholtz.
Today, Brandt is one of the contributing analysts at Bitcoin.live along with Bob Loukas and other well-known traders.
I’m Tony Spilotro. Behind the pseudonym, I’m a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck – literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn’t yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can’t yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.
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