Brandt Revives 2019 Forecast, Sees Strong Long-Term Uptrend for Bitcoin

Bitcoin's price is closing in on $82,000 after veteran trader Peter Brandt revived his 2019 logarithmic chart forecast. The model suggests that Bitcoin's long-term parabolic uptrend remains intact despite market evolution and increased institutional involvement.

Brandt's chart implies that as long as Bitcoin stays within its historical ascending channel, the bullish multi-year trend will remain valid. However, repeating past massive gains is less likely, according to the model.

The $100,000 target remains a key psychological milestone if BTC breaks resistance and holds support. Brandt's revival of his forecast comes as the market continues to evolve, with more institutional investors and a larger market cap.