Legendary trader Peter Brandt(Peter Brandt) pointed out that Bitcoin has formed a bullish bottom pattern. He believes that if it breaks through $92,000, the price could rise to $94,000-$95,000, and may even challenge $100,000. However, if it fails to hold above $90,000, the pattern could invalidate, and the price might drop to the $84,000-$86,000 range. The current market conditions have dampened optimism, with Bitcoin trading volume down 18.41% to $43.58 billion, and a large outflow of ETF funds causing Bitcoin's price to hover around $90,212.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Legendary trader Peter Brandt(Peter Brandt) pointed out that Bitcoin has formed a bullish bottom pattern. He believes that if it breaks through $92,000, the price could rise to $94,000-$95,000, and may even challenge $100,000. However, if it fails to hold above $90,000, the pattern could invalidate, and the price might drop to the $84,000-$86,000 range. The current market conditions have dampened optimism, with Bitcoin trading volume down 18.41% to $43.58 billion, and a large outflow of ETF funds causing Bitcoin's price to hover around $90,212.