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Bitcoin has been trading above the $82K mark today, fueling optimism over further gains in the coming days amid positive market sentiments. The recent Trump victory has triggered a substantial rally in the broader crypto market, sending BTC to its ATH. Now, a flurry of crypto market experts like Peter Brandt predicts a potential BTC rally to $200K ahead.
Peter Brandt Predicts Bitcoin Rally To $200K
The recent rally in Bitcoin has caught the eyes of investors, with many keeping a close track of the performance. Besides, the crypto is breaking its own record daily, hitting new highs, indicating growing market confidence towards the crypto.
Notably, many in the market foresee a clear crypto regulation in the US with Donald Trump’s election win. Besides, it is also expected to boost the crypto appeal and institutional demand, which might further fuel the BTC price.
Meanwhile, veteran trader and top crypto market expert Peter Brandt highlights a major buy signal for Bitcoin amid this. Notably, the price chart that Brandt shared in the X post suggests a potential rally for the crypto $200K.
Source: Peter Brandt, XWhat’s Next For BTC?
Echoing a similar sentiment, the leading investment and research firm, Bernstein also shared a bullish forecast. According to a report, the firm predicts a pro-crypto SEC under Trump’s presidency, which might trigger a broader crypto market rally. Having said that, Berstein analysts have reiterated their previous forecast for the crypto to hit $200K by 2025, sparking market optimism.
BTC price today was up nearly 2% and exchanged hands at $82,121 during writing, while its one-day trading volume soared 35% to $80 billion. Simultaneously, the crypto has touched its ATH of $82,490 in the last 24 hours. Furthermore, BTC Futures Open Interest rose 3% in the 24-hour time frame, indicating strong market confidence towards the crypto.
Notably, a recent Bitcoin price prediction hints at a potential rally for the crypto to $92,000. Considering all these aspects, the possibility of the flagship crypto hitting $200K seems very likely in the coming days. Besides, if Trump maintains his crypto promises made during his election campaign, it could significantly boost the crypto prices ahead.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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