Crypto Blog
Popular trader Peter Brandt has adjusted his forecast for Bitcoin’s peak in the ongoing bull market. The commodity and foreign exchange trader for over thirty years now has predicted that the leading crypto asset will hit $200,000, a significant increase from the earlier projection of $120,000.
Bitcoin investors who started their holdings during the prior cycle’s bullish phase predominantly fall within the 2-3 year holding bracket, with their mean purchase price ranking highest among all groups. According to a CryptoQuant analyst, this may have served as a formidable price barrier.significantly above the $55,000 level, the only potential resistance level moving forward appears to be the previous cycle’s peak of $68,000.
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