After recently falling below the $91,000 mark, BTC rallied strongly this weekend and is currently retreating slightly to around $96,000. In the process, veteran trader Peter Brandt reiterated his bullish view on BTC and stated that it could continue to rise in the future. Additionally, other on-chain indicators also suggest that BTC has good momentum going forward. In a recent analysis, Brandt stated that BTC could reach $108,358 in the coming days.
However, he also cited technical charts to warn that BTC prices could pull back to $76,614 in an uptrend, adding that "this is not a forecast," noting the risks in the market. He said the analyses only reflect "possibilities, not probabilities, not certainties."
Additionally, he recently set a BTC price target of $125,000.
Trader Peter Brandt: BTC may continue to rise, near-term price target is $125,000
2024-12-22 06:14:18
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