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Reading: Is the 8 Month Wait Coming to an End? What Will Happen If Bitcoin Doesn’t Rise? Expert Comment!
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Is the 8 Month Wait Coming to an End? What Will Happen If Bitcoin Doesn’t Rise? Expert Comment!
Bitcoin and BTC

Is the 8 Month Wait Coming to an End? What Will Happen If Bitcoin Doesn’t Rise? Expert Comment!

vitalclick
Last updated: October 13, 2024 12:02 pm
6 months ago
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Experienced analyst Peter Brandt, Bitcoin $62,792He warned that if the price of (BTC) does not record new peaks for a while, it may face a serious decline. Here is the analyst’s remarkable Bitcoin analysis.

Bitcoin’s Latest Price PerformanceFuture Goals and Risks

Bitcoin’s Latest Price Performance

Brandt told his 742,500 followers on social media platform

The famous trader interpreted the current stagnation of the market with an old saying: “If the market that should go up does not go up, it usually cannot go up.” This determination emphasizes the weakness seen in price movements.

Brandt stated that Bitcoin is one of the largest assets in his portfolio and presented his observations as “a situational assessment rather than a prediction.” “Those who do not pay attention to both sides will eventually have an accident,” he said, inviting investors to a balanced perspective.

Last week, Brandt painted a positive picture of BTC’s future potential, reminding that halving cycles could provide strong gains for Bitcoin. He described the pause in March 2024 as an insignificant break.

Future Goals and Risks

Brandt predicts that Bitcoin could reach $135,000 in the August-September 2025 period. However, this prediction is conditional on the price not falling below $48,000. He pointed out that if this level is broken, the analyzes may lose their validity.

Currently, the Bitcoin price stands at $62,741. Whether the trader’s predictions will come true or not is followed with curiosity in the market.

Brandt’s comments point to the importance of a balanced and cautious strategy in the Bitcoin market. Past performance data and observations of experienced figures can guide investors to make more informed decisions. As fluctuations in the cryptocurrency market continue, it seems more important than ever to be prepared for possible scenarios.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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