The CEO of Factor said that by the end of the year the Bitcoin rate will be in the range of $120,000 to $150,000, and the probability of a drawdown will be 50%.

Peter Brandt (Peter Brandt) believes that there is a possibility of some random event in the market, which could lead in the medium term to a significant correction in the rate of the first cryptocurrency.

“Am I hedging my bets? Certainly. Awareness of risks is a consequence of a 50-year career as a trader,” the businessman added.

In his opinion, after Bitcoin overcame the support level of $91,000, the correction in the market ended, and traders had a good entry point into the first cryptocurrency.

Earlier, experts from the HashKey Group company made a forecast according to which the prices of Bitcoin and Ethereum will overcome $300,000 and $8,000, respectively, by the end of the year, and the capitalization of the digital asset market will increase to $10 trillion.