Legendary trader Peter Brandt expressed a bullish view on the prospects of Bitcoin price, considering the behavior in last 24 months. Earlier, the trader predicted that Bitcoin price was likely to reach the $40,000 range. Referring to the ups and downs in Bitcoin dominance pattern for the last two years, Brandt said he was optimistic of a huge rise in BTC price if a breakout from the current level is seen.
He said that Bitcoin could be the lone “King of the Hill” for crypto market, going forward. Currently, BTC is at 45% of the of total market capitalization among major crypto assets.
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