Bitcoin $97,676 is currently trading around $97,500, reflecting a slight daily increase amidst a broader recovery in the cryptocurrency market. The cryptocurrency has approached its weekly peak during the past 24 hours, hovering near the $99,000 mark. These developments have prompted expectations of renewed activity within the market.
Peter Brandt’s Skeptical Outlook
Expert trader Peter Brandt expressed skepticism regarding Bitcoin reaching the $200,000 level by the end of this decade. He pointed out that achieving such levels without breaking through significant resistance levels would be challenging.
Peter Brandt: “The lack of movement above Bitcoin’s upper parabolic resistance line may hinder its ascent to $200,000.”
While some analysts maintain more optimistic expectations for Bitcoin, Brandt approaches this view cautio…
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