The price of Bitcoin has increased marginal at $ 97,500 in the midst of a wider crypto market recovery. In addition, the leader crypto has reached the highest level of the week to approach $ 99 thousand in the last 24 hours. In the midst of this renewed interest in the market, several experts point to a break for BTC. Nevertheless, experienced Trader and Analyst Peter Brandt recently shared a contradictory statement. This has aroused doubt that BTC will reach $ 200,000 in the near future.
Bitcoin price does not have the potential to reach $ 200 thousand?
Ranled Experienced Trader Peter Brandt recently expressed his doubts about the price of Bitcoin to reach $ 200,000 at the end of the “ten years”. He shared a BTC price graph in X and said that BTC should break the basic resistance to reach these levels. In this context, Brandt said, “Unless there is an escape rate from the Bitcoin upper paraboolic resistance line, BTC is unlikely that the BTC will be traded over 200 thousand dollars at the end of this decade.” he said.
Source: Peter BrandtIn the meantime, Brandt’s statement contradicts the increasing optimism among crypto analysts, which foresees a significant Bitcoin increase in the coming years. Some predict that BTC will reach a six -digit valuation, while Brandt suggests that a large resistance barrier can limit the upward potential of the barrier.
Brandt remains open to different approaches
Despite his skepticism, Peter Brandt accepted another market analysis that supports the rise appearance for BTC. Crypto analyst ‘Dave The Wave’ shared a Bitcoin price projection and underlined a model showing that BTC can exceed $ 200,000 in this cycle. Brandt, who shared the post, praised the analysis as a mat a mathematically supported narrative ”. This shows that even if BTC personally questiones the ability of BTC to maintain a parabolic rise beyond the resistance levels, it is open to different perspectives.
Source: Dave The WaveBitcoin market sensitivity is divided
The crypto community is divided into Bitcoin’s long -term potential. Some analysts predict that BTC will exceed $ 200,000 due to increasing institutional adoption, while others argue that market cycles may not support such an extreme growth in these decades.
The ongoing recovery of the BTC reunited the discussions on its next move. While Bitcoin is watching near $ 100,000, investors closely monitor whether the resistance will break or encounter a long -term consolidation phase.
