Bitcoin ( $BTC ) saw a strong recovery over the weekend after dipping below the $91,000 level. Currently hovering around $96,000, $BTC has attracted the attention of seasoned trader Peter Brandt, who remains optimistic about its future. Brandt has reiterated his bullish stance, suggesting that BTC could eventually reach $108,358.
On-chain indicators align with this positive outlook, signaling potential upward momentum. However, Brandt also cautioned that $BTC may experience a pullback to $76,614 during its climb. He emphasized that these projections reflect potential market scenarios, not certainties, underlining the inherent risks in cryptocurrency trading.
Brandt has set an ambitious long-term target for Bitcoin at $125,000, further fueling speculation about the cryptocurrency’s future price action.
