Bitcoin Merely Hundreds Away From All-Time High — Is Peter Brandt's 2022 Prediction About To Come True?
Portfolio Pulse from Mehab Qureshi
Bitcoin is nearing its all-time high, trading at $68,075, up 7.06% in the last 24 hours. Veteran trader Peter Brandt, who predicted Bitcoin's rise, sees a potential target of $200,000 for the current bull market cycle ending in Aug/Sep 2025. Brandt warns against the use of 'laser eyes' on social media as a bullish indicator, considering it a bad omen. Meanwhile, Markus Thielen, Head of Research at 10x, anticipates Bitcoin hitting all-time high levels by the end of the week due to a lack of sellers.
March 05, 2024 | 3:21 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bitcoin is approaching its all-time high, with predictions of reaching $200,000 by Aug/Sep 2025. The current price surge and optimistic forecasts by Peter Brandt and Markus Thielen suggest a strong bullish trend.
The article highlights Bitcoin's significant price movement and optimistic predictions by notable figures in the cryptocurrency space. Peter Brandt's prediction of a $200,000 target by 2025 and Markus Thielen's expectation of Bitcoin hitting all-time high levels by the end of the week contribute to a bullish outlook. The mention of the lack of sellers despite attempts to liquidate leveraged long positions further supports the potential for price appreciation.
CONFIDENCE 85
IMPORTANCE 95
RELEVANCE 100