Major

Bitcoin

As Bitcoin surpasses $89,000 and approaches the $90,000 mark, expectations for an increase are also increasing. As the possibility of BTC reaching triple digits by the end of the year increases day by day, a prediction came from Peter Brandt, who has 50 years of experience.
Sharing his predictions from his X account, Peter Brandt claimed that Bitcoin could reach $125,000 by the end of the year.
American trader Peter Brandt based his forecast on Bayesian theory, which determines the conditional probability of future events based on past data.
According to Bayesian theory, Brandt claimed that Bitcoin could repeat its performance from the first quarter of this year in the fourth quarter and reach $125,000 by the end of the year.
The analyst also stated that an important buy signal has come for Bitcoin, and that an Inverse Head and Shoulders formation has formed on the BTC chart.
According to Brant, he claimed that if the Inverse Head and Shoulders formation works, Bitcoin could exceed $ 200,000. Accordingly, Brandt, who analyzed Bitcoin's 2021 bull period as the left shoulder, the 2022 bear bottom as the head and the last consolidation period as the right shoulder, argued that Bitcoin could experience a rise as much as the head and shoulder range.
According to the chart shared by Brandt, if the inverse head and shoulders formation works, the BTC price may exceed $200,000 or even $240,000.
Bitcoin continues to trade at $89,450 at the time of writing.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Major buy signal over the weekend in Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://t.co/DBedJusTUm" rel="noopener noreferrer nofollow">pic.twitter.com/DBedJusTUm</a>
 — Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1855959617051689293?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 11, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/experienced-analyst-peter-brandt-said-important-buy-signal-has-arrived-announced-his-new-bitcoin-btc-predictions/" rel="noopener noreferrer nofollow">Experienced Analyst Peter Brandt Said "Important Buy Signal Has Arrived", Announced His New Bitcoin (BTC) Predictions!</a>

Experienced Analyst Peter Brandt Said "Important Buy Signal Has Arrived", Announced His New Bitcoin (BTC) Predictions!

Bitcoin Sistemi EN

Other articles published on Nov 12, 2024

KoinBX Expands Global Reach with Bangkok Event After Dubai

Can This $0.017 Token Get To $2 Before Cardano (ADA) And Dogecoin? Wall Street Expert Says Yes

Get In Fast & Early! Top 4 Best Crypto to Buy for Long-Term Gains; BlockDAG, Polkadot, Cardano & ...

Tether Releases Wallet Development Kit and Plans USDT Chain Swap

What Donald Trump's Victory Means for Crypto Policy, His Legal Battles, and Ross Ulbricht's Future

3 Ethereum Tokens That Will 10x if ETH Breaks $4861 ATH

Join our free newsletter for daily crypto updates!