Veteran commodity trader Peter Brandt revealed his current forecast for Bitcoin price in a recent tweet. The analyst predicts a new ATH for BTC on the horizon. Here are the details.
As we reported yesterday, experienced trader and analyst Peter Brandt, had described former Coinbase CTO Balaji Srinivasan’s $1 million Bitcoin prediction as “stupid”. Brandt once again reacted to this prediction under a different name. However, in addition to this, he made his own prediction for BTC’s new ATH in his last statement.
Analyst’s Reaction to Bitcoin Predictions
According to some market experts, the bear season for Bitcoin is not over yet. Additionally, BTC is trading at $27,000, well below its previous peak.
According to Brandt, the world’s most popular cryptocurrency, Bitcoin, is 12 months away from its new all-time high (ATH).
All predictions are just guesses. My guess is that Bitcoin is 12 months away from new ATHs https://t.co/n5Gk1hgPGj
— Peter Brandt (@PeterLBrandt) March 20, 2023
NEWS CONTINUES BELOW
Koinfinans.com As we reported, Peter’s prediction was in response to a tweet from crypto writer and analyst Cheds. came. In response to Cheds Balaji Srinivasan’s $1 million BTC price prediction, he said that the BTC price may not approach $50,000 in the next 90 days.
“In case you were wondering: it is unlikely that BTC will even come close to 1 million, even 50,000 in the next 90 days”.
At press time, Bitcoin is trading at $27,472. To reach this level, Bitcoin experienced a 25% increase last week amid the bear season and the global banking crisis. It’s also worth noting that the BTC price has increased by 45% since the SVB collapse, according to a tweet by Galaxy Research’s Alex Thorn yesterday.
You can follow the current price action here.
Source : the crypto basic