Bitcoin price is up 25% in 2023 Bitcoin has quickly turned from last year’s worst investment into a huge opportunity. However, well-known analysts believe that more hikes await investors.
For Peter Brandt, for example, Bitcoin should find its next major resistance at just $65,000. However, he points out that this rally will not be linear, as it faces corrections along the way.
Compared to the past, the other He remembers That Bitcoin was the best investment in 9 of the last 12 years. In other words, it is possible for history to repeat itself.
Another point of interest in the above image is that 2022 has been a tough year for everyone. However, Bitcoin ended up suffering the most due to the crash of LUNA and later FTX.
Even as it closed the year with a 65.5% drop, bitcoin completed 14 years with a 2,178,035,658% increase.
Michael van de Poppe sees this moment as opportune
With nearly 650,000 followers on Twitter, analyst Michaël van de Poppe believes that “majority [das pessoas] You expect new lows and a bear market.”but note that “Creates a great opportunity”.
This week, $725 million worth of shorts have been sold. However, van de Poppe notes that the fight between bulls and bears is far from over.
“The trend for the next few months continues to be bullish and altcoins are gathering more volume for trading.”And he is writing analyst. So, one more swipe to get rid of the ‘shorts’ and soon it’s time to get some ‘long’ punishment.
In other words, the analyst believes that Bitcoin will find resistance on its rally, but nothing to worry about.
“A test of $21,000 is happening as we speak Bitcoin. The breakout makes sense for a bullish sweep.”
Peter Brandt also refers to halfway reforms
Analyst Peter Brandt, who is known for writing books on financial market operations, believes that this is a great opportunity to enter Bitcoin. However, it also indicates that the ascendant will have its challenges.
In the first short-term analysis, Brandt Confirms Bitcoin will face strong resistance still in the $25,000 area, which will push the cryptocurrency back to the $18,000 area.
However, he notes that bitcoin could surpass $30,000 as early as July this year.
Already in his second analysis, now in the long run, the analyst plays Bitcoin for more than $150,000. For Brandt, the biggest challenge lies in the $65,000 region, near Bitcoin’s two 2021 peaks.
As for the date, the new peak will be scheduled for 2025. However, it is possible to see that Brandt imagines that Bitcoin will reach $65,000 later this year.
Finally, whatever these analysts’ goals, the moment seems to be building up. After all, the potential return seems to be much greater than the buying risk, especially since FTX’s bankruptcy is already a turning point for many investors.