Experienced trader Peter Brandt believes that Bitcoin has a chance to rise in price to $ 134.886 before a significant correction.
On July 9, digital assets traders bought a huge btc number by modern standards, so that the coin exchange rate flew to $ 112.050 on the Bitstamp exchange and updated the previous historical maximum recorded at $ 112,000. Then the price of cryptocurrency began to gradually decline, and now hesitates around $ 111,000.
Brandt believes that the ascending movement will continue, and predicts:
Apparently, Peter has in mind that in the case of a breakdown of a barrier of support at the level of $ 107,000 to replace the bull trend, a bear will come, and Bitcoin will become cheaper. While the price of cryptocurrency is held above this obstacle, nothing threatens the rising trend.
The schedule drawn up by the analyst shows that he counts on an increase in bitcoin to at least $ 120.958, and as a maximum of $ 134.886. That is, the digital asset should rise in price by 8.8% -21.3% of the current value.
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Source: Cryptocurrency
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