Peter Brandt sets new bullish Bitcoin target, Elon Musk considers crypto payments on Twitter, Dogecoin surges in response

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Last Updated on 6 November 2023 by CryptoTips.eu

Two people that regularly make an appearance on Cryptotips are back today. First, there is the legendary analyst Peter Brandt, who has been analyzing Bitcoin for many years. He sees a new bullish target in the charts.

Secondly, the well-informed Financial Times announced this week that Tesla boss Elon Musk is indeed considering allowing crypto payments on Twitter. Dogecoin surged in response.

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Fulcrum

Peter Brandt has been analyzing charts since 1975 and has written several books on the subject.

During his Bitcoin analysis, he claimed to see the short-term bottom had been set after spotting a very unusual ‘double fulcrum’ pattern, which, according to investopedia, indicates that the largest digital currency is indeed due a change in direction.

According to Brandt, this means $25k is now the next Bitcoin target.

Everyhting-app

Tesla’s stock price has been doing better as of late. This allows Elon Musk to refocus on his latest purchase, social media platform Twitter. According to the well-informed Financial Times, Musk is now indeed considering integrating crypto payments on the platform.

Twitter currently allows payments for some services, such as a paid subscription that adds a blue check mark to users’ accounts. Still, Musk has said he wants Twitter to also offer fintech services such as peer-to-peer transactions, savings accounts, and debit cards in a bid to make Twitter what it calls an “everything app.”

“Twitter is already a platform on which payments happen, so it’s kind of a no brainer,” explained Lucy Ingham of FXC Intelligence.

Dogecoin, the coin everyone thinks Musk will use for Twitter payments, initially shot up 8% on the news.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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