Legendary Trader Peter Brandt Delivers 2 Wild Bitcoin Price Scenarios

Key Points

1. Peter Brandt shares a chart suggesting Bitcoin's price could either surge to $118,000 or face a major downturn, based on historical patterns.

2. BlackRock has made another substantial Bitcoin purchase of $750 million, indicating strong institutional interest.

3. The discussion around Bitcoin's price comes at a time when market sentiment is mixed, influenced by ETF flows and macroeconomic adoption.

4. Bitcoin's price action since 2010 is analyzed, questioning whether it has reached its growth limit or if further significant moves are possible.

5. The article mentions other crypto-related news, such as Cardano's exchange integration and Shiba Inu's overbought RSI, but focuses primarily on Bitcoin's potential scenarios.