Bitcoin came to the fore with high price targets again after the recovery in recent days. In particular, the idea that it could reach 250 thousand dollars before the end of 2026 created controversy in the crypto community. However, experienced investor and technical analyst Peter Brandt stated that this target does not comply with the current chart structure.
Critical approach to Peter Brandt’s analysis
Peter Brandt claimed in his post on social media on April 28 that the target of 250 thousand dollars was unrealistic. Brandt emphasized that the price moves within a rising channel in the daily Bitcoin chart he shared. In his comment, he stated that typical bottom formations for a much stronger rise are not currently available. He also pointed out that strong formations such as the “pennant” talked about in the market are not included in the chart.
In his evaluation, Brandt stated that Bitcoin is progressing with its current channel structure and the charts are not just before a big jump.
Peter Brandt is known for his many years of technical analysis experience in financial markets. Brandt, who is frequently followed among investors, is especially known for his analyzes based on chart structures. His current evaluation of Bitcoin stood out for its focus on chart structure rather than price movements.
Optimistic forecasts and institutional interest in the market
The names making high price predictions for Bitcoin are not limited to Brandt alone. Fundstrat founder Tom Lee and finance book author Robert Kiyosaki argued that institutional interest and fund inflows into spot Bitcoin ETFs supported the rise. It is also stated that the improvement of digital asset regulations in the USA may have a positive impact on the markets.
Galaxy Digital CEO Mike Novogratz stated that if US President Donald Trump signs the CLARITY Act in June, Bitcoin could rise to 90 thousand dollars before the end of the second quarter. It was evaluated that these regulatory steps could reduce market volatility and attract institutional investors.
Technical data and latest price movements
Bitcoin lost 2 percent of its value during the day, falling to the level of $ 76,438. The lowest point of the day was $76,384 and the highest was $79,327. There was an approximately 40 percent increase in transaction volume in the last 24 hours. CryptoAppsy According to data, Bitcoin was traded around $ 77,000 at the time of the news.
Recent price movements were also affected by new geopolitical developments, especially between Iran and the USA. According to media reports, the United States is reportedly considering Iran’s offer to reopen the Strait of Hormuz and end the war in the region. These developments also affected energy prices, reducing the interest in risky assets in general.
There was also significant activity on the futures side. According to data provided by CoinGlass, Bitcoin futures open positions decreased by 2.5 percent in the last 24 hours, falling to $56.70 billion. While there was a slight decrease of 0.32 percent in open positions in CME in one hour, this rate was recorded as 0.39 percent on the Binance exchange. This contraction in positions reflects the withdrawal of profit-taking traders from the market and the decrease in leverage.
Despite this, Bitcoin’s total transaction volume remains high. This indicates active market participation despite uncertainty regarding price direction.
