Legendary Trader Peter Brandt Says Dogecoin All-Time Highs Near, Predicts Bitcoin Will ‘Rock’ Gold – Here’s Why

Veteran trader Peter Brandt says that Bitcoin ( BTC ) is set to vastly outperform gold after printing a bullish pattern on the longer-term chart.

Brandt shares a chart with his 745,000 followers on the social media platform X showing Bitcoin in a clear uptrend when priced in gold (BTC/XAU).

According to Brandt, BTC/XAU has printed a three-year-long inverse head and shoulders (H&S), with the final part of the pattern – the right shoulder – playing out now.

An inverse H&S suggests that demand for an asset is rising without the price having to revisit the lows.

“Bitcoin or Gold – which store of value is king BTC/XAU chart has completed a channel serving as the right shoulder of a massive continuation inverted H&S Bitcoin is going to rock Gold despite what
[gold advocate and Bitcoin critic] Peter Schiff thinks or says.”

At time of writing, Bitcoin is trading at $74,547, just below its most recent all-time high hit on November 5th.

Brandt also has his eye on Dogecoin ( DOGE ), the largest memecoin by market cap, and Elon Musk’s favorite cryptocurrency.

The seasoned trader says that new all-time highs (ATHs) are imminent after forming an inverse H&S and breaking out of a channel.

“In Musk we Trust

DOGE confirms channel breakout with massive underlying price accumulation and new ATHs around the corner.”

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney