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Peter Brandt forecasts a Bitcoin rally to $150,000 amid a bullish cycle that warns of a near-term decline. Renowned trader Peter Brandt has forecast that BTC might climb to $150000.00 during this current bullish market phase.
🚀 Bitcoin’s post-halving trajectory predicts $130K by Sept 2025! 📈 Trader Peter Brandt sees history repeating, with previous cycles hinting at a peak between late Aug to early Sep. 🔮 If patterns hold, Bitcoin’s bull run could soar! 🌟 #Bitcoin #Crypto #BullRun 🐂📅 pic.twitter.com/jolLVvTPkG
— Kathryn DeLong (@sophiesdesire) June 3, 2024
Brandt pointed out that the highs from Bitcoin’s previous two cycles correspond with an inverted parabolic curve, indicating the possibility of reaching this price level if the trend continues. Despite this optimistic projection, Brandt warns that his analytical technique is not without flaws, urging traders to exercise caution.
Key Bitcoin Levels To Watch – June 2
The market has been in a bullish environment since the sell-side liquidity grab below the $59225.00 low. A few days ago, a short-term decline began as BTCUSD corrected to the downside due to the overbought state of the market.
As indicated by the Stochastic Oscillator, BTCUSD is now heading into an oversold state. Owing to this indication, the market’s bullish trend is likely to resume, with the uptrend extending beyond the $73836.00 resistance.
BTCUSD Key Levels
Resistance Levels: $71980.00, $73836.00, $80000.00
Support Levels: $54490, $50577.00, $43873.00
Bitcoin Metrics
Total Market Capitalization: $2.52T
Bitcoin Market Capitalization: $1.34T
Bitcoin Volume: $16.61B
Market Rank: #1
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