Peter Brandt Announces The Level At Which 2X Rise Will Begin In Bitcoin! Can You Buy BTC Now?

Continuing its horizontal movements at the level of 23,000 dollars in the last days. bitcoin yesterday it approached the $24,000 mark.

However, this rise cannot be sustained. BTC It fell as low as $23,100.

Popular trader and analyst as Bitcoin enters an important week when the Fed will announce its rate hike decision. Peter Brandtshared his weekly Bitcoin analysis on his Twitter post.

BTC and Peter Brandt, who is known for his analysis of the market, said that he expects a decrease in Bitcoin.

Stating that BTC failed to break the strong resistance and continued to move sideways, Brandt stated that this could cause a decline in Bitcoin.

In this context bitcoin Sharing his thoughts about the bottom of the price, the analyst said that he thinks it is an extremely rare event in BTC. “a double-walled fulcrum model” noted that it occurred.

Brandt also bitcoin He said the 2X target for the price is mid $25,000.

“The bottom price in Bitcoin is a double-walled anchor model. This is an extremely rare event.

Also, the 2X target for Bitcoin price is mid $25,000.”

According to the famous analyst, who remains optimistic that Bitcoin will rise to $ 65,000 by mid-2023 with this analysis, Bitcoin may go to $ 25,000 after completing an extremely rare double-walled fulcrum model.

So Brandt BTC He argues that the price will experience a correction before reaching $25,000 and then it could go higher.

However, Brandt added that it is difficult to predict prices under current market conditions.
Bitcoin price, which experienced a 40% rally in January, started today with a red candle before the Fed’s decision to increase interest rates.

With this bitcoin Traders are also waiting for a pullback in BTC price to buy at the lower levels.

*Not investment advice.

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