CandleFocus Bitcoin to $150,000? Legendary Trader Peter Brandt Stuns BTC Bulls
2024-09-10
Author: Content Editor
Trading legend Peter Brandt has shared a chart indicating that Bitcoin could potentially reach a peak of around $150,000 by late 2025, despite recent bearishness. This prediction is supported by prominent Bitcoin analyst Tuur Demeester. Brandt's chart aligns with his earlier forecast of Bitcoin reaching $150,000 during the current bullish cycle. Although Bitcoin experienced a price collapse to $52,000 on September 6, it has since recovered to around $58,070. Brandt has highlighted concerning signs for Bitcoin bulls, but market sentiment is gradually improving, with Bitcoin aiming to reclaim the $60,000 level. However, Bitcoin is still down 3.5% since September's start. Brandt has dismissed the idea of a bullish inversed head-and-shoulders pattern but remains open to other optimistic chart reasons.
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