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

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Coin Telegraph 1w ago

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

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.