Veteran crypto trader and analyst Peter Brandt who successfully predicted the 2018 crash before it happened expects Bitcoin to hit $100,000. In a recent episode of his Bitcoin Live trading report, he concluded that we are in a historic bull run where we will see higher highs and higher lows.
Brandt became a leading analyst in the world of crypto after forecasting Bitcoin’s crash in early 2018. He added that the fundamentals of Bitcoin remains the same, and expects it to hit $100,000 or more in the long-term. Bitcoin is currently experiencing an 80% correction that it has always undergone after big rallies. Based on previous declines, he predicts a near term correction to at least $5,324. He says it will likely happen in June or July of next year, and set up another bull market.
According to CoinMarketCap as of 11AM PST, Bitcoin (BTC) is priced at $7,465.63, gaining 1.09% in the last 24 hours.