Peter Brandt Validates Possible $70,000 Bitcoin Price Prediction
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Bitcoin is experiencing market pressure, with top trader Peter Brandt acknowledging a potential price drop to $70,000. The cryptocurrency market is awaiting the US PCE inflation report, which could significantly impact Bitcoin's short-term trajectory. While some analysts see a potential dip, others remain bullish, with predictions ranging from sideways movement to potential highs around $116,600.
March 28, 2025 | 11:00 am
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Bitcoin price might test lower support levels around $70,000-$76,700, influenced by upcoming US PCE inflation report and market sentiment.
Multiple expert analyses suggest potential short-term price correction due to market volatility and pending economic data. Peter Brandt's acknowledgment of $70,000 support level indicates possible downward pressure.
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