Legendary Trader Peter Brandt Predicts Bitcoin Will Vastly Outperform Alternative Crypto

Peter Brandt, a veteran trader who garnered recognition for predicting the Bitcoin (BTC) collapse of 2017, believes that the royal cryptocurrency will outperform all other digital assets.

Brandt informs his 696,000 Twitter followers that he’s keeping a close eye on the Bitcoin dominance chart (BTC.D), which displays the proportion of the total crypto market capitalization that BTC represents.

According to the seasoned trader, BTC.D appears poised to burst out after two years of consolidation in a large rectangle.

The Bitcoin market share chart during the last 24 months has shaped into a rectangle with many contacts at its top and bottom boundaries. Currently, this is the limiting range. Nonetheless, a decisive break from this range would be extremely significant. My presumption is that Bitcoin will destroy all competing BTCs.

A rising BTC.D chart shows that Bitcoin’s market value is increasing relative to other cryptocurrencies. It could indicate that Bitcoin is gaining value quicker than all other cryptocurrencies, or that altcoins are losing value faster than Bitcoin. According to Brandt’s chart, for a breach to occur, BTC.D must surpass the 50% level.

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