Subscribe to our Telegram channel!
Legendary cryptocurrency trader and analyst Peter Brandt said that the price of bitcoin could still jump to $ 90,000 after the latest correction. In his publication on the X platform, the expert emphasized that it is important to deal with possibilities rather than probabilities.
«Probabilities are assigned a number, and then you can make assumptions. I don’t want to trade based on assumptions,» Brandt said. Earlier, the analyst predicted that BTC $80,058.10 Bitcoin 2.14% Market capitalization $1.61 trillion VOL. 24 hours $1.13 billion could peak at $ 150,000 during this bull cycle. This could happen around August 2025, Brandt emphasized.
Last month, bitcoin dropped to $ 53,000, but the bulls seized the initiative and pushed the cryptocurrency sharply higher almost overnight. As a result, the flagship cryptocurrency recorded a sharp jump in sentiment, going from fear to greed in just a few days.
However, according to U. Today, Brandt recently issued a bearish warning despite bitcoin’s rapid recovery. The legendary trader pointed to the fact that the leading cryptocurrency is forming a series of higher highs and higher lows. The ominous pattern indicated that the cryptocurrency was losing its bullish momentum.
As a reminder, bitcoin suffered a significant drop, falling by 17% within a few hours. The price of the flagship of the cryptocurrency market fell to $ 50,300. At the time, the value of BTC reached $ 49,800. The cryptocurrency’s fall coincided with the stock market’s collapse. Investors began to sell their assets en masse, fearing a further decline.