Bitcoin is 12 Months Away From New All-Time Highs (ATH): Peter Brandt.
Veteran trader and analyst Peter Brandt have again reacted to the recent $1 million Bitcoin price within 90 days prediction by former Coinbase CTO Balaji Srinivasan. Recall that Peter called the prediction “stupid,” However, he has now made his own guess for BTC’s new ATH.
What Made Peter React Again?
While the cryptocurrency market still experiences a bear season and Bitcoin is hovering around the $27,000 level, Peter Brandt has dropped his prediction on Bitcoin.
According to him, the world’s most popular crypto is 12 months away from a new all-time high.
All predictions are just guesses. My guess is that Bitcoin is 12 months away from new ATHs https://t.co/n5Gk1hgPGj
— Peter Brandt (@PeterLBrandt) March 20, 2023
Peter’s prediction came as a reply to crypto author and analyst Cheds’ tweet.
In response to Balaji Srinivasan’s $1M BTC price prediction, Cheds said the BTC price might not get close to $50,000 in the next 90 days.
“In case you are wondering: BTC highly unlikely to come even close to 50k in the next 90 days, let alone 1M”.
Yesterday, Peter Brandt challenged BTC traders to go short. Veteran trader Peter took a jab at Bitcoin traders who make decisions based on Bitcoin Chicago Mercantile Exchange (CME) gap formations alone.
As of the time of writing this piece, Bitcoin is trading at the $27,472 level. This indicates a 25% rise in the last week amid the bear season and global banking crisis. It is also worth noting that the BTC price is up 45% since the SVB collapse, according to Galaxy Research’s Alex Thorn’s tweet yesterday.
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