PETER BRANDT PREDICTS BITCOIN SELLING PRESSURE AHEAD
Legendary trader Peter Brandt has predicted that Bitcoin will face selling pressure ahead. According to his analysis, Bitcoin's current price movements suggest an imminent decline before a potential recovery.
Brandt expects the price to break through the $65,000 mark, potentially falling to $60,000, and even as low as $48,000 in a worst-case scenario.
However, it's worth noting that Brandt is also bullish on Bitcoin's long-term prospects. He has predicted that the Bitcoin-to-gold ratio could triple to 100 oz, implying a 230% price increase to over $234,000.
This prediction is based on his analysis of Bitcoin's historical performance against gold.
Overall, while Brandt's short-term prediction suggests selling pressure ahead, his long-term outlook remains optimistic. As with any investment, it's essential to do your research and consider multiple perspectives before making any decisions.#BTCBreaks100K?