Bitcoin Price Nears $99K Amid Market Recovery
- Bitcoin price increased to $97,500, marking a weekly high near $99K.
- Veteran trader Peter Brandt doubts Bitcoin will reach $200K by the decade’s end due to resistance levels.
- Brandt acknowledges alternative analyses suggesting a potential rise above $200K.
- Current Bitcoin trading volume decreased by 2% to $30.5 billion.
- BTC Futures Open Interest rose by 0.6%, indicating positive market sentiment.
The Bitcoin price showed a slight increase to $97,521, with experts divided on its long-term potential. While some predict significant growth, others like Peter Brandt highlight resistance challenges that may limit its rise to $200K.
Source (2.6)https://coingape.com/veteran-trader-peter-brandt-says-bitcoin-price-to-200k-unlikely-heres-why/?rand=24432
