The price of the largest cryptocurrency, Bitcoin, has surpassed the $26,000 level for the first time since July 2022. So what’s next? Peter Brandt and the famous Bitcoin maximalist Max Keiser, who have been on the agenda with many Bitcoin predictions before, came to the fore with their latest comments…
Bitcoin prediction from the expert: Not surprised
Bitcoin experienced another surge, crossing the $26,000 mark for the first time since July 2022 and then returning to $24,070. Senior trader Peter Brandt explained in a tweet that he was not surprised by such a development as the $26,000 level was rejected. cryptocoin.com As we reported, the market cap of the cryptocurrency has exceeded $500 billion for the first time since mid-2022. Bitcoin’s price has increased in part with the recent banking crisis in the United States. The current meltdown has been compared to previous banking crises. Despite its poor performance, investors continue to see Bitcoin as a safe-haven asset in times of financial turmoil.
Not surprised 26,000 rejected advance pic.twitter.com/nUQkNAtI1t
— Peter Brandt (@PeterLBrandt) March 14, 2023
Due to the recent crisis, the US Fed has taken steps to reassure depositors by guaranteeing their deposits and implementing emergency measures to alleviate their concerns. Additionally, market speculation suggests that the current meltdown could cause the US Fed to delay raising interest rates. While the crypto community is betting on a FED axis, the February CPI report shows that inflation is not going away quickly.
The Consumer Price Index (CPI), released in February, saw inflation fall from 6.4 percent to 6 percent year-on-year in January, as economists expected. there is a need. While a 25 basis point increase is appropriate at the March FOMC meeting, the next decision after the collapse of Silicon Valley Bank will be a tough one for the Fed.
Max Keiser expects $30,000 for Bitcoin
Ex-trader, podcaster and Bitcoin maximalist Max Keiser also received a comment following BTC’s recent rise. Keiser shared on Twitter that he believes the price of Bitcoin will exceed $30,000. He also made fun of Binance founder Changpeng Zhao (commonly known as CZ), referring to “CZ’s open positions.” As it is known, the rise of Bitcoin above $ 26,000 caused the liquidation of short positions (short selling) over $ 300 million. The largest liquidation on Binance was $99.9 million, of which 77.38 were open interests. That’s what Keiser was referring to when he said “CZ’s open position.”
When #Bitcoin breaks $30,000 CZ’s shorts start hammering him badly. Squeeze harder, degens!!
— Max Keiser, Sr. Bitcoin Adv. to Pres. Bukele 🇸🇻 (@maxkeiser) March 14, 2023
