Thursday's crypto market witnessed a significant shake-up, with $100 million in liquidations recorded in just one day, primarily impacting long positions.

This fresh wave of instability has sparked a search for expert opinions to make sense of the current situation. Renowned trader Peter Brandt, who has been a fixture in the financial world since the 1970s, has offered his analysis on Bitcoin’s trajectory.

This represents a 32% increase from its current value, which Brandt sees as crucial for a positive shift in market dynamics.

In summary, Brandt indicates that the current market is more influenced by selling pressure than buying interest, and the extent of this trend will become clearer in the near future

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