Peter Brandt Raises Bitcoin Target to $600K by 2029
4 Articles
4 Articles
Bitcoin: The Analyst Who Predicted the 2018 Crash Is Betting on a Historic Rally to $600,000 by 2029
Veteran investor Peter Brandt argues that there is a significant possibility that Bitcoin has already completed its cycle low and is entering a new bullish phase.
Veteran investor Peter Brandt, who predicted Bitcoin's sharp decline in 2018, has revealed his new forecast for the world's largest cryptocurrency. He points to a short-term target of $65,000, followed by a much stronger rally. His forecast for 2029 is significantly higher than the current price.
📈 Demand for Bitcoin options is prominent in the $90,000, $95,000, and $100,000 levels. 💰 Spot $BTC ETFs completed their eighth trading day with net inflows. 📉 According to Glassnode, while Bitcoin has risen 35% from its August low, open positions in BTC have decreased by approximately 20%. ⚠️ Although Peter Brandt believes a new bull cycle has begun, he is monitoring the possibility of a correction to $65,000–$66,000 first. Read More: Peter …
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