Peter Brandt Forecasts Bitcoin Rally to $150,000 Amid Bullish Cycle

Azeez Mustapha


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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.

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

Peter Brandt Forecasts Bitcoin Rally to $150,000 Amid Bullish CycleThe 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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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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