Peter Brandt names Bitcoin goals for 2025

The price of the first cryptocurrency in 2025 can reach $120,000-150,000, but there is still a possibility of a top forming with a drop of 50%. These scenarios were presented by technical analyst Peter Brandt.

The specialist justified his forecast Bayesian probability. In this case, he implied a random event with a large enough sample based on his experience.

“Am I hedging my bets? […] Certainly. Awareness of risks is a consequence of a 50-year career as a trader,” he concluded.

Earlier, Brandt called what was happening in Bitcoin in mid-January a “knife battle.” The presented chart suggested both the possibility of a fall to $74,100 and an increase to a new ATH around $116,600.

Fundstrat co-founder Tom Lee called $90,000 a good entry point into the first cryptocurrency.

An analyst under the nickname Rekt Capital noted the completion of the correction after Bitcoin closed at the end of the day above support at $91,000.

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Source: Cryptocurrency

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