Bitcoin News: Bitcoin Could Hit $125K by New Year’s Eve Based on Bayesian Analysis, Says Veteran Trader Peter Brandt
According to Cointelegraph: Bitcoin’s recent surge above $80,000 has sparked predictions of a six-figure price by the end of 2024, with veteran trader Peter Brandt suggesting a potential rally to $125,000 by New Year’s Eve. Brandt bases this projection on Bayesian probability, which uses past data to estimate the likelihood of future outcomes, indicating that BTC could replicate historical bullish trends.
