Top Analyst Predicts Bitcoin To Reach $150,000 In 2025 – Here’s Why
05 May 2024 - 8:30PM
NEWSBTC
In the last week, Bitcoin has shown much resilience bouncing back
above the $60,000 zone after a significant decline to below the
$57,000 price zone. As Bitcoin bulls gather momentum to possibly
initiate the crypto bull run, top analyst and market expert Peter
Brandt has backed BTC to attain a particular six-figure digit value
by 2025. Related Reading: Bitcoin Relative Strength Jumps To 40%:
10x Research Reveals Next Steps From Here No Other Market Like
Bitcoin, Brandt Says In a blog post on May 3, Peter Brandt shared
some insights on Bitcoin in celebration of his 50th anniversary in
future markets trading. The veteran analyst described his
experience with the maiden cryptocurrency as a “once-in-a-lifetime
trade, never to be equaled”. Bitcoin — the trade of a lifetime
There has never been and never again will be another asset like
Bitcoin $BTC Here is the perspective from my 50-year career as a
professional traderhttps://t.co/fyHrGRRHLo
pic.twitter.com/dwrBwtknqP — Peter Brandt (@PeterLBrandt) May 3,
2024 Brandt states that Bitcoin is a unique asset in comparison to
commodities such as gold, cattle, iron ore, copper, and even
other cryptocurrencies such as altcoins and meme coins. He claims
that BTC owes this uniqueness to its operational nature as well as
its price behavior. Analyzing BTC price history, Brandt notes that
the coin has repeatedly produced exponential gains in the past not
seen with any other trading asset. And while these gains are
followed by significant corrections, the overall price performance
sets BTC apart from other assets. Another aspect of Bitcoin’s
uniqueness as highlighted by Brandt is that the asset’s volatility
is also evident in its downturns resulting in a decline of more
than 50% and even 75%. Therefore, Bitcoin exerts a special ability
to generate substantial profits while also causing significant
losses. Now, following BTC’s parabolic price nature, Brandt
predicts the asset is on course to reach $150,000 by 2025.
Interestingly, if the bulls maintain market control, the analyst
believes Bitcoin could rise as high as $300,000 beyond 2026.
Related Reading: Analyst Says Bitcoin Price Is Headed To $90,000,
Here’s Why BTC Price Overview At the time of writing, Bitcoin
trades at $63,303 having encountered serious resistance in the
$64,000 price zone. The maiden cryptocurrency currently looks to be
in consolidation and could be preparing for another possible
breakout. If Bitcoin embarks on a bull run, investors would
be hoping for a return to its all-time high value of $73,750.
However, in the advent of more selling pressure in the future, BTC
could drop below $60,000 again. Nevertheless, Bitcoin remains the
diamond of the crypto bull season with several analysts hyping the
digital asset to trade above $100,000 within the next 12 to 15
months. BTC trading at $63,405 on the daily chart | Source:
BTCUSDT chart on Tradingview.com Featured image from iStockphotos,
chart from Tradingview
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