2024

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>Bitcoin’s price surge continues with Peter Brandt now eyeing a $200,000 target.</strong></li> 
 <li><strong>Brandt cautions against market overheating, highlighting potential pullback triggers like RSI signals.</strong></li> 
 <li><strong>The use of “laser eyes” memes resurfaces as a bullish indicator amidst Bitcoin’s ongoing rally.</strong></li> 
</ul> 
<p>Legendary <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a> trader Peter Brandt has a new target for the current bull market cycle: $200,000, up from his previous prediction of $120,000. This prediction is based on a technical analysis chart showing Bitcoin breaking above a key channel.&nbsp;</p> 
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   <p lang="en" dir="ltr">Bitcoin Update<br>With the thrust above the upper boundary of the 15-month channel, the target for the current bull market cycle scheduled to end in Aug/Sep 2025 is being raised from $120,000 to $200,000. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> <br>A close below last week's low will nullify this interpretation <a href="https://t.co/19ZXpAQW0v" target="_blank" rel="nofollow">pic.twitter.com/19ZXpAQW0v</a></p>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1762303814156308957?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 27, 2024</a>
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<p><br>Bitcoin is currently trading at <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="nofollow">$56000</a>. However, according to Brandt analysis&nbsp; a close below last week’s low of $41,000 could signal a short-lived uptrend.</p> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/pA6HIpELLUDWuiYDpNi_HaXCBfEyRv5tjA7lx2kNnc3vwXzTLNvKDEmYopegGlh0vN8vmq4t-cyOq2HvVVcsDgUKRoWji3GF1Xm4eSxuKAtvaDKJ5TrW8Xh3WrWOgpyv0tOhzrh9RdyK0LIdzJcdj3Y" alt="" style="width: 100%;height:auto">
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   <a href="https://twitter.com/PeterLBrandt/status/1762303814156308957" target="_blank" rel="nofollow"><em>Source: PeterBrandt</em></a>
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<p>Brandt’s analysis uses technical indicators like moving averages and the Relative Strength Index (RSI)&nbsp; which is current…</p>
<p>The post <a href="https://coinedition.com/bitcoin-bull-run-peter-brandt-warns-of-potential-pullback-eyes-200000-target/">Bitcoin Bull Run: Peter Brandt Warns of Potential Pullback, Eyes $200,000 Target</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Bull Run: Peter Brandt Warns of Potential Pullback, Eyes $200,000 Target

Coin Edition

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