Bitcoin $97,520.54is traded around $ 97,500, with a slight increase daily with a wider crypto market recovery. In the last 24 hours, approaching the weekly summit and watching close to 99k is noteworthy. These developments brought about a new expectation of mobility in the market.
Peter Brandt’s skeptical approach
Expert Trader Peter Brandt, Bitcoin at the end of this decade at the end of the 200K level is not possible, he said. Brandt said it is difficult to reach these levels without exceeding important resistance levels.
Peter Brandt: “Bitcoin does not exceed the upper parabolacic resistance line, it can make it difficult for him to reach 200K levels.”
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Some analysts have more optimistic expectations for Bitcoin, while Brandt approached this view cautiously. Although other analyzes argue that the crypto asset may move to 200K in this cycle, there may be limitation of development potential due to resistance levels in the market. Some experts, $ 97,700 above the level of the rise may continue, he added.
Current Market Status and Expectations
Bitcoin price increased by 0.4 %to 97,521 dollars, while the transaction volume decreased certainly. The highest 24 -hour value was close to $ 98.819. BTC Futures Open positions were observed by 0.6 %. Some of the analysts mentioned the potential mobility of 106K levels in the near future.
The crypto community has different views on Bitcoin’s long -term potential. While the increase in corporate investment supports the optimist expectations of some experts, there are views that market cycles may not prepare the ground for excessive growth at these levels.
According to the analyzes, Bitcoin’s rise trend is expected to move in case of existing resistance zones. However, significant resistance levels and technical indicators lead to more cautious investors. Market participants say that the uncertainty about the long -term train continues while following short -term fluctuations.
Closely monitoring Bitcoin market movements may be useful for investors. Market analysis offers potential increase signals in case of breaking technical resistors. In the light of these developments, investors recommend making decisions based on cautious and current analysis.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
