Famous trader Peter Brandt, Bitcoin $101,851.7While he stated that it could reach $150,000 this year, he did not rule out possible decline scenarios. In his statement to his followers on the social media platform, Brandt stated that Bitcoin could increase by approximately 50% from its current value.
High Growth Potential
Brandt predicts that Bitcoin will hover around $135,000 in 2025. However, in addition to this prediction, he also pointed out that Bitcoin could make a significant peak and fall by over 50%. He made this inference using the Bayesian analysis method carried out in the light of past trends and new data.
Technical Analysis Findings
According to their analysis, if Bitcoin completes the head and shoulders formation on the daily chart, there may be a serious decline in its price. This pattern usually indicates that an asset is losing momentum and the price may fall below support, reversing its upward trend.
Competitors of Bitcoin and Ethereum
Brandt, also Ethereum 
$3,404.7Cardano, a rival of 
$1.1‘ or pointed out. He noted that ADA made a local bottom at $0.81 on the weekly chart and could start a major rise by breaking the $1.09 level as support.
“Altseason? Without a doubt, Cardano has bottomed for a major bull market.” –Peter Brandt
Stating that ADA was traded at $1.09 with a 4.9% increase in the last 24 hours, Brandt predicts that Cardano will continue to exhibit a strong performance.
Market Expectations
Brandt stated that increases in markets generally begin with the exhaustion of retail investors. He pointed out the possibility that Bitcoin could decline once again before starting the next uptrend.
Bitcoin’s current value is trading at $100,029. Brandt’s predictions constitute an important reference point for investors in the cryptocurrency market.
As a result, Peter Brandt predicts both bullish and bearish scenarios for Bitcoin and Cardano. Investors state that they should act by taking these uncertainties in the market into consideration. It was emphasized that technical analysis and statistical methods play an important role in cryptocurrency investments.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
