Peter Brandt, a legendary trader, has recommended going long on Bitcoin as the cryptocurrency stabilizes above the $30,000 psychological level amid positive sentiment in the broader crypto market. Brandt predicts a BTC price target of $40,000 and is also bullish on Nasdaq, Gold vs YPY, London Cocoa, and Gold. In the weekly timeframe, Bitcoin price patterns indicate strong possibilities of hitting $40,000, with strong support at $29,190 and $25,288. Meanwhile, Ethereum has surged over 10% and is likely to outperform Bitcoin in the near future, with relative spot demand for ETH increasing and futures markets indicating a potential shift toward ETH. (coingape)