{"id":78088,"date":"2023-05-01T11:14:42","date_gmt":"2023-05-01T08:14:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78088"},"modified":"2025-09-11T02:58:04","modified_gmt":"2025-09-10T23:58:04","slug":"peter-brandt-says-bitcoin-will-dominate-other-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/peter-brandt-says-bitcoin-will-dominate-other-cryptocurrencies\/","title":{"rendered":"Peter Brandt says Bitcoin will dominate other cryptocurrencies"},"content":{"rendered":"<p>Tech analyst and head of Factor LLC Peter Brandt believes that the first cryptocurrency will soon surpass the other digital assets.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">The Bitcoin % Dominance chart has now formed a 24-month rectangle with multiple upper and lower boundary contacts. For now this is the confining range. However, a decisive breakout of this range would have huge significance. My bias is that Bitcoin will bury all pretenders <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a>.\u2026 <a href=\\\"https:\/\/t.co\/KCS9Pt5dMx\\\">pic.twitter.com\/KCS9Pt5dMx<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\\\"https:\/\/twitter.com\/PeterLBrandt\/status\/1652328293226496002?ref_src=twsrc%5Etfw\\\">April 29, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;I believe that Bitcoin will bury all pretenders. In the end there will be only one king of the mountain,\\&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>The expert pointed to the Bitcoin dominance chart (BTC.D), which tracks Bitcoin&#8217;s share of the total crypto market cap.<\/p>\n<p>According to Brandt, the indicator is preparing for a breakout after two years of consolidation in the form of a large rectangle. While the trend remains in a confining range, the breakout will be decisive for the asset, the analyst explained.<\/p>\n<p>As of writing BTC.D stands at 48.4%. The indicator will likely need to break above the 50% level to start a bullish move.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"293\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/BTC.D_2023-05-01_10-54-12-1024x293.png\\\" alt=\\\"BTC.D_2023-05-01_10-54-12\\\" class=\\\"wp-image-205785\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/BTC.D_2023-05-01_10-54-12-1024x293.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/BTC.D_2023-05-01_10-54-12-300x86.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/BTC.D_2023-05-01_10-54-12-768x220.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/BTC.D_2023-05-01_10-54-12.png 1334w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Bitcoin dominance chart. Data: <a href=\\\"https:\/\/ru.tradingview.com\/symbols\/BTC.D\/\\\">TradingView<\/a>.<br \/><\/figcaption><\/figure>\n<p>In April, former Goldman Sachs top executive and macro-investor Raul Pal <a href=\"https:\/\/forklog.com\/en\/news\/expert-forecasts-influx-of-a-billion-users-into-the-crypto-sector\">predicted<\/a> an influx of a billion users into the crypto sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tech analyst and head of Factor LLC Peter Brandt believes that the first cryptocurrency will soon surpass the other digital assets.<\/p>\n","protected":false},"author":1,"featured_media":78089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138,1420],"class_list":["post-78088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions","tag-peter-brandt"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78088"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78088\/revisions"}],"predecessor-version":[{"id":78090,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78088\/revisions\/78090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78089"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}