Trader Peter Brandt: BTC may continue to rise, with a short-term price target of $125,000

Bitget App

Trade smarter

Bitget2024/12/22 07:05

After BTC recently fell below the major threshold of $91,000, it rebounded strongly this weekend and has currently slightly fallen back to around $96,000. In this process, veteran trader Peter Brandt reiterated his bullish view on BTC and stated that it may continue to rise in the future. In addition, other on-chain indicators also show that BTC has a good momentum for the future.

In recent analysis, Brandt said that BTC could reach $108,358 in the next few days. However, he also quoted technical charts warning that the price of BTC might pull back to $76,614 in an upward trend and added "this is not a prediction", pointing out market risks. He stated these analyses only reflect "possibilities not probabilities or certainties". Moreover, he recently set his target price for BTC at $125 thousand.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!