Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»Peter Brandt raises Bitcoin price forecast to $200,000.
EXCHANGE NEWS

Peter Brandt raises Bitcoin price forecast to $200,000.

By Crypto FlexsFebruary 27, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Peter Brandt raises Bitcoin price forecast to 0,000.
Share
Facebook Twitter LinkedIn Pinterest Email

Peter Brandt, a prominent trader in the cryptocurrency space, has raised his outlook on the value of the Bitcoin token. Brandt expects the bull market cycle to last until August/September next year, or 2025. The previous estimate was worth $120,000. He increased that to $200,000.

Regardless of the goals he presents, both values ​​are absurd dreams. Bitcoin could take a pivotal turn and climb the ladder. However, projected values ​​are overly optimistic milestones that are difficult to achieve. Peter based his assumptions on thrust above the 15-month channel cap. The community wasn’t firm on its belief in that number, but most people said the estimate was: tingling.

For reference, BTC is currently trading at $56,596.29 and is up 10.80% in the last 24 hours. It even briefly surpassed the value of $57,000 on February 26, 2024, before quickly losing weight and falling to $56,000. Bitcoin future value prediction We expect to reach our goal of $69,000 by the end of this year. BTC will soon test the $60,000 resistance around the time of the Bitcoin halving. A clearer picture of Peter’s predictions will be drawn after the halving event.

Bitcoin valuation takes inspiration from strong ETF inflows. The extent of that is that BTC is currently the second-largest ETF product in terms of AUM (assets under management), surpassing silver. The value of silver is reported to be $11.5 billion, while the value of Bitcoin is $39.4 billion. The bullish trend is further supported by the participation of institutional and retail investors through ETFs.

MicroStrategy’s move created a sense of optimism among BTC holders. The company reportedly added 3,000 BTC tokens this month. They are worth approximately $155.4 million. The effect was evident in the stock price, which rose 14%.

Weekly inflows in digital asset investment products the previous week were $598 million. Bitcoin totaled $570 million during the same period. According to a statement from BitSave CEO Zakhil Suresh, inflows to date amount to $5.6 billion.

Prices plunged after the U.S. SEC approved applications for 11 spot Bitcoin ETFs. However, the trend later reversed as selling pressure on GBTC subsided.

All eyes are on the Bitcoin halving, tentatively scheduled to occur around April 19, 2024.

In the case of Peter Brandt, questions are being raised among members as to whether it is right to keep the schedule as is if the target amount or expected estimate has been increased. The increase in the projected estimate may be accurate, but the increased target seems to suggest that the schedule may change.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) will be capped under the resistance -will buyers regain control?

June 2, 2025

Ether Leeum price is faced with light correction -focus of support level

June 1, 2025

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025
Add A Comment

Comments are closed.

Recent Posts

ASTAR’s ACS campaign is finished with significant ecosystems.

June 3, 2025

Currently Altcoin Bear Cycle is the longest -what is the next?

June 3, 2025

AI influence exploration: The necessity of human verification in the digital world

June 3, 2025

Bitcoin vs Altcoins-Check for the new ALT season.

June 2, 2025

NVIDIA improves everything by acceleration of RTX AI PC.

June 2, 2025

SPX, DXY, BTC, ETH, XRP, BNB, SOL, Doge, ADA, Hype

June 2, 2025

Electrum testnet wallets do not display the trading record for the address.

June 2, 2025

BNB AI Hackathon promotes innovative projects to higher classes

June 2, 2025

It is so easy to be a millionaire! Winner Mining helps to become rich in 2025

June 2, 2025

Can Ether Lee’s signal with a major candlestick pattern?

June 2, 2025

Stellar (XLM) Soroban Audit Bank Smart Contract Security Improvement

June 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ASTAR’s ACS campaign is finished with significant ecosystems.

June 3, 2025

Currently Altcoin Bear Cycle is the longest -what is the next?

June 3, 2025

AI influence exploration: The necessity of human verification in the digital world

June 3, 2025
Most Popular

Overtime working hours start the $ token and full account abstraction UX

April 2, 2025

XRP Whale Flow and Technology Settings Hint after 40% price boom

May 13, 2025

What should be the intended purpose of (mempool) policy defaults in a full-node implementation like Bitcoin Core?

February 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.