#Bitcoin Selloff Ahead? Peter Brandt Weighs In
Veteran trader Peter Brandt predicts a potential Bitcoin
pullback as the price nears the $100,000 milestone. While some warn of profit-taking and sell walls at this psychological level,
Brandt remains long-term bullish, forecasting a rally to
$120,000 despite short-term volatility.
Key Insights:
*/ Sell Walls at $100K: Experts like Crypto Rover highlight heavy sell pressure near $100K, which could temporarily slow BTC’s ascent.
*/ Liquidation Risk: Ali Martinez warns of $1.89 billion in liquidations if BTC hits $100,625, signaling heightened market risk.
Long-Term Optimism:
Brandt and Martinez maintain bullish long-term views, with
predictions that BTC could peak between $173K and $461K by
late 2025.
Market Status:
*/ BTC trades at $98,614, down slightly from its $99,655 high.
*/ Trading volume has dropped 29%, with Futures Open Interest down 2%, suggesting traders are taking a breather post-rally.
Will Bitcoin break $100K soon, or are we due for a pause? Let us know your thoughts! 🚀
