Bitcoin trader say BTC headed toward $125K by New Year’s Even based on ‘Bayesian probability’

Quick Summary:

Veteran trader Peter Brandt says Bitcoin is following a similar pattern from its past, which could lead to a $125,000 BTC price by New Year’s Eve.

Brandt explained that BTC’s run in Q1 2024 can be emulated in Q4 2024 based on the above theorem, potentially leading to a $125,000 high before New Year’s Eve 2024.

This is the first CME gap since August 2024 on the 1-day time period, and CME gaps on the daily chart have a strong likelihood of getting filled.

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Article Details

Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets: United States

Topics: Peter Brandt Coinbase Bitcoin ETFs BTC USD Bitcoin price BlackRock Bitcoin CME futures Bitcoin price prediction

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 19:00:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 512 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Coin Telegraph

News ID: 23525071

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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News Last Updated: 1 days ago

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Publisher ID: #11

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