Trader Peter Brandt: BTC may continue to rise, with a near-term price target of $125,000
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2024-12-22 14:32 3,390
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Golden Finance reported that BTC rebounded strongly this weekend after recently falling below the $91,000 mark, and is now back slightly to around $96,000. In the process, veteran trader Peter Brandt reiterated his bullish view on BTC and suggested that it may continue to rise in the future. Additionally, other on-chain indicators also point to good future momentum for BTC. In a recent analysis, Brandt stated that BTC could reach $108,358 in the coming days.
However, he also cited technical charts to warn that BTC price could retrace to $76,614 on an upward trend, adding that “this is not a prediction,” pointing to risks in the market. He said the analyzes reflected "possibilities, not probabilities, not certainties."
Additionally, he recently set a BTC price target of $125,000.