Trader Peter Brandt: BTC may continue to rise, with a near-term price target of $125,000
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Odaily reports that BTC has seen a strong rebound over the weekend after recently falling below the $91,000 mark, currently hovering around $96,000. During this process, veteran trader Peter Brandt reiterated his bullish outlook on BTC and stated that it may continue to rise in the future. Additionally, other on-chain indicators also suggest a positive outlook for BTC going forward. In a recent analysis, Brandt stated that BTC may reach $108,358 in the coming days. However, he also cited technical charts to warn that BTC prices could retrace to $76,614 during the uptrend, stressing that "this is not a forecast" and highlighting the risks in the market. He stated that these analyses reflect "possibilities, not probabilities, and not certainties." Furthermore, he recently set a BTC price target of $125,000. (CoinGape)
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