Bold Prediction: Peter Brandt Sees Bitcoin Reaching $125K as Year Closes
Veteran trader Peter Brandt recently shared a bullish outlook on Bitcoin, predicting it could reach $125,000 by New Year’s.
Using a Bayesian probability model and analyzing Bitcoin’s price trends from early 2024, Brandt suggests Bitcoin’s recent dips offered prime buying opportunities. He believes Bitcoin is in the “sweet spot” of its halving cycle, a period historically linked to major price gains.
Looking ahead, Brandt also projects Bitcoin could peak between $130,000 and $150,000 by late 2025. Other analysts are similarly optimistic, with some even forecasting prices as high as $200,000 within the next year.
Clever Robot News Desk 11th November 2024
