Bitcoin’s price action has broken above $96,000 in the past 24 hours, strengthening the case for a sustained move into six-figure territory. This recent price action is particularly significant as it marks a clean breakout above a key on-chain resistance zone stretching from $93,000 to $95,000, which many analysts believe could determine whether Bitcoin’s next leg takes it into six-figure territory. Supporting this momentum is a long-term technical outlook by renowned trader Peter Brandt, who projected that Bitcoin remains on course to set new all-time highs, with a potential price peak exceeding $150,000 on his projected timeline. Peter Brandt Maps Timeline For $150,000 Bitcoin Top With Parabolic Structure Veteran trader Peter Brandt shared a weekly candlestick Bitcoin price chart on social media, highlighting a path toward $150,000 by late summer 2025. According to Brandt’s post on social media platform X, Bitcoin is currently trading below a parabolic trendline that is key to the final leg of the current bull cycle. Interestingly, this parabolic trendline has served as an upper resistance for Bitcoin’s price peaks and all-time highs since 2021. Related Reading: B ..
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