Bitcoin Crash Over? Veteran Trader Predicts Rebound To $90,000

Quick Summary:

This bullish projection comes amid the recent downtrend in the price of Bitcoin, which saw a dramatic crash below $50,000 at some point over the past few weeks.  $90,000 Rebound Target Set For BTC In an X (formerly Twitter) post on August 5, crypto analyst, Peter Brandt made a bold prediction, suggesting that Bitcoin could witness a significant rebound to $90,000 this bull cycle.

Brandt has disclosed that he strictly avoids trades based on assumptions to remain open to all possible outcomes without bias.  Bitcoin Regains Strength After 23% Market Crash Before Brandt predicted a rebound to $90,000 for Bitcoin, the cryptocurrency had experienced a sharp decline in its price.

This unique approach to analyzing the market avoids over-dependence on assumptions and remains flexible to various market results.  Seeking Brandt’s opinion on the current state of the market, a crypto community member shared that they have been forecasting a bull flag for Bitcoin over the past few months.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Btc price Btc Btcusd Bitcoin Bitcoin price Bitcoin BTC news BTCUSDT Bitcoin news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 00:30:17 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 60 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21963361

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Main Topics: Crypto

Official Website: newsbtc.com

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