bullish

Bitcoin

Momentum

<p>Bitcoin (BTC), the world’s largest cryptocurrency by market cap has gained notable attention from crypto enthusiasts following its impressive performance over the past 24 hours.</p>  
<h2 class="wp-block-heading" id="h-peter-brandt-s-bitcoin-prediction-nbsp"><strong>Peter Brandt’s Bitcoin Prediction&nbsp;</strong></h2>  
<p>Amid this ongoing rally and bullish market sentiment, veteran trader Peter Brandt made a post on X (previously Twitter) predicting that BTC could reach the $130,000 to $150,000 range by August or September 2025.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/PeterLBrandt/status/1854280831969231109
 </div>
</figure>  
<p>Additionally, he noted that BTC is in a range from which it will experience a notable upside rally. In a post on X, Peter added, “Bitcoin $BTC is now in the sweet spot of the bull market halving cycle that should top in the $130k to $150K range next Aug/Sep.”</p>  
<p>The potential reason for this bullish momentum and price surge is the U.S. presidential election results and the pro-crypto and President <a href="https://coinpedia.org/price-analysis/whats-the-future-of-political-memes-as-donald-trump-wins-election/" rel="noopener noreferrer nofollow">Donald Trump</a>.</p>  
<h3 class="wp-block-heading" id="h-current-price-momentum"><strong>Current Price Momentum</strong></h3>  
<p>As of now, Bitcoin is trading near $75,800 and has experienced a price surge of over 10% in the past 24 hours. During the same period, its trading volume jumped by 160%, indicating heightened participation from traders and investors amid bullish market sentiment.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-technical-analysis-and-upcoming-level"><strong>Bitcoin Technical Analysis and Upcoming Level</strong></h2>  
<p>According to the expert technical analysis, BTC has broken out from a crucial resistance level at $73,935 and is about close to a daily candle above the $75,600 level. Following this breakout and the daily candle closing above the resistance level, BTC has turned bullish and is poised for a significant upside rally in the coming level.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/11/07051327/BTCUSDT_2024-11-07_05-13-14.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/07051327/BTCUSDT_2024-11-07_05-13-14-1024x449.png" alt="" class="wp-image-376808"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>Based on recent price action and historical momentum, if BTC closes a daily candle above $75,600, there is a strong possibility it could surge further in the coming days.</p>  
<h3 class="wp-block-heading" id="h-bullish-on-chain-metrics"><strong>Bullish On-Chain Metrics</strong></h3>  
<p>On-chain metrics further support BTC’s bullish outlook. According to the on-chain analytics firm <a href="https://www.coinglass.com/BitcoinOpenInterest" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>, BTC’s Long/Short ratio currently stands at 1.03, indicating a strong bullish sentiment among traders. Additionally, open interest has increased by 15%, reflecting growing trader interest and the formation of new positions.</p>

Bitcoin Could Reach $130K to $150K, Says Peter Brandt

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