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Legendary Trader Peter Brandt Slams Ethereum: Details

Published 07/08/2024, 10:36 AM
Updated 07/08/2024, 02:00 PM
© Reuters Legendary Trader Peter Brandt Slams Ethereum: Details

U.Today - Old-school commodity trader Peter Brandt published a tweet, engaging the Bitcoin community in a discussion about BTC patterns and the cryptocurrency’s potential price moves.

He also slammed the second largest crypto, Ethereum, in the comments under his tweet.

Bitcoin is not going to $44,000, Brandt says

Peter Brandt addressed his followers on the X platform to pick their minds about a Bitcoin Double Top pattern that he spotted on a chart. Apparently Brandt decided to test the community, asking them whether Bitcoin has completed the Double Top or not.

He warned that if the answer is yes, then a minimum price target for BTC would be $44,000, since it is a reversal pattern.

In the comments thread, Brandt admitted that the pattern has not been completed for Bitcoin yet since not all the conditions for it have been fulfilled.

Peter Brandt bashes Ethereum, defending Bitcoin

Founder of Sypheon Online Ferruh Danaci commented on Brandt’s tweet, criticizing Bitcoin and praising Ethereum. He called Bitcoin “useless sh-t” and “a useless toy for whales,” while he believes Ethereum to be real.

In return, legendary trader Brandt referred to ETH, using three pile of poo emojis.

Peter Brandt generally supports only BTC, stressing his dislike for Ethereum in several tweets published earlier this year. However, he admitted that as a trader he would trade even ETH if there were a chance to make a profit on it.

This article was originally published on U.Today

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