Bitcoin ($BTC ) Shows Strong Rebound: Peter Brandt's Bullish Outlook
According to Odaily, Bitcoin (BTC) made a notable rebound over the weekend after dipping below the $91,000 mark 🚀. It has since slightly retreated to around $96,000. Veteran trader Peter Brandt has reaffirmed his bullish stance on BTC, suggesting that the cryptocurrency could continue to rise 📈.
In his latest analysis, Brandt forecasts that BTC could reach $108,358 in the coming days. However, he also cautioned that the price might face a pullback to $76,614 during its upward trajectory 📉. He stressed that these insights are not predictions, but rather reflections of market risks, adding that these analyses represent "possibilities, not probabilities, and not certainties."
Additionally, Brandt has set a long-term price target of $125,000 for BTC 💰, further reinforcing his optimistic outlook.