Trader Peter Brandt: BTC may continue to rise, with a near-term price target of $125,000

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ODAILY
12-22
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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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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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