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50-Year Analyst Peter Brandt Reveals What He Expects After Bitcoin's Record: Provides Price and Date for the Peak!
The world's largest cryptocurrency Bitcoin, reaching 109,358 dollars, surpassed its all-time high of (ATH), while striking statements came from two important figures in the market.
Experienced commodity trader and economist Peter Brandt and crypto analyst il Capo of Crypto evaluated the rise from different perspectives.
Peter Brandt, who has been following the Bitcoin markets for a long time, argued that the ATH level should not be technically exaggerated, stating that the rise is a natural process.
According to Brandt, new records should not be overstated technically because the definition of bull markets is already about continuously reaching new peaks. Brandt predicts that Bitcoin could rise to a range of $125,000 to $150,000 by the end of August and reach its peak.
On the other hand, the analyst, known by the nickname "il Capo of Crypto" in crypto markets, takes a more cautious approach. According to the analyst, the current uptrend is not strong enough to change the long-term trend and these levels may be a local top. The analyst states that he realized some of his profits and opened short positions in both Bitcoin and leading altcoins. It also plans to increase altcoin shorts in case of more bearish signals on the direction of the market.
The Chief stated that his views on the BTC record have not changed and that he believes the rise is a bull trap.