CandleFocus Peter Brandt Projects $97K Bitcoin Target Following Major Triangle Breakout
2024-11-04
Author: Content Editor
Bitcoin recently broke out of a triangle pattern, indicating a bullish potential with a target price above $97,000, according to veteran trader Peter Brandt. The breakout suggests a significant shift in market sentiment, but specific criteria must be met to validate the breakout. Bitcoin's price must close above $76,000 on the daily chart to confirm the breakout. Brandt has outlined three price targets for Bitcoin, including $94,000, $230,000, and $160,000, based on various analytical approaches and historical market patterns. Additional effort is needed to maintain bullish momentum and achieve these targets.
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