Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Doj closes 145 Bidencash sites: ‘No more anonymous’

2025-06-05

Successful retest of Breakout zone sets phase for the next leg higher

2025-06-05

Former Doge -Head Elon Musk tells Wetgevers to kill Trump’s ‘big, beautiful’ account

2025-06-05
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Soonchain Fores Partnership with Rei Network to define web3 gaming

    2025-06-05

    Maskdao acquires Orb.Club, which unlocks virality in the chain to stimulate the creator economy

    2025-06-05

    $ 650 million bridged to Solana in May, with $ 400 million contributing to Ethereum

    2025-06-05

    SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

    2025-06-05

    New Solana -Tool repairs the KYC bottleneck

    2025-06-05
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Former Doge -Head Elon Musk tells Wetgevers to kill Trump’s ‘big, beautiful’ account

    2025-06-05

    Hong Kong Reading to legalize Bitcoin and Crypto derivatives in PURT to Web3 leadership

    2025-06-05

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03
  • Analysis

    Successful retest of Breakout zone sets phase for the next leg higher

    2025-06-05

    Circle stock price Skyrockets 234% in less than 30 minutes, causing multiple commercial levels

    2025-06-05

    Here are the two most important graphs in the entire macro, according to the former Goldman Sachs director Raoul Pal

    2025-06-05

    Price slips further, investors on Edge

    2025-06-05

    XRPL is confronted

    2025-06-05
  • Learn

    What Is Crypto Staking? A Beginner-Friendly Guide

    2025-06-05

    What Are Liquidity Pools? A Beginner’s Guide

    2025-06-05

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Bitcoin crash over? Experienced trader predicts a recovery to $90,000
Altcoins

Bitcoin crash over? Experienced trader predicts a recovery to $90,000

2024-08-06No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Bitcoin crash may be over, as one crypto trader significantly predicted rebound for the pioneer cryptocurrency, with Bitcoin expected to soar to new all-time highs of $90,000. This bullish projection comes amid recent developments falling price of Bitcoinwhich saw a dramatic crash below $50,000 at one point in recent weeks.

$90,000 rebound target set for BTC

In an X (formerly Twitter) after on August 5, crypto analyst Peter Brandt made a bold prediction suggesting as much Bitcoin could witness a significant recovery to $90,000 this bull cycle. Sharing a price chart with a series of pumps and dumps The value of Bitcoin Since the beginning of the year, Brandt has expected the pioneer cryptocurrency to reach $90,000 before the end of 2024.

Related reading

Bitcoin crash
Source:

During his post, Brandt emphasized the importance of focusing on what could potentially happen (possibilities), rather than what is likely to happen (probabilities) or what is considered certain (certainties). This unique approach to analyzing the market avoids over-reliance on assumptions and remains flexible to different market outcomes.

I’m looking for Brandt’s opinion on the current state of the marketa member of the crypto community shared that they have been predicting a bull flag for Bitcoin in recent months. They asked if Brandt agreed with this prediction and if Bitcoin has hit a golden pocket, a key Fibonacci retracement level that often signals the next potential resistance level.

In response to crypto community member Brandt denied the possibility of one Bitcoin bull flag, citing several technical analytical authorities such as Schabacker, Edwards and Magee, who state that bull flags should not last longer than two months. This ultimately suggests that as a hypothesized bull flag pattern has lasted longer than two months, it does not meet the criteria for a bull flag.

See also  Bitcoin: Stock Markets See $40 Million Daily USDT Surge – Is BTC's Rally Just Getting Started?

Moreover, when asked by another crypto member if a possibility was just a kind of probability, Brandt clarified that possibilities cannot be described as probability, because probabilities involve assigning numbers and making assumptions. Brandt has revealed that he strictly avoids transactions based on assumptions in order to remain open to all possible outcomes without bias.

Bitcoin regains strength after a 23% market crash

Before Brandt predicted a recovery to $90,000 for Bitcoin, the cryptocurrency had experienced a sharp drop in its price. Last week, The price of Bitcoin had fallen to around $52,000, which represents a significant decline of more than 23%, according to CoinMarketCap.

Related reading

Despite the recent price crashBitcoin apparently has received a positive boost again, with a price increase of 11.77% in just 24 hours. Based on CoinMarketCap’s reports, Bitcoin’s daily trading volume has also increased by 30.65%.

The cryptocurrency seems to be coming apart at the seams previous bearish trends, and is steadily approaching previous price highs around $60,000. At the time of writing, Bitcoin is trading at $55,903.

Bitcoin price chart from Tradingview.com
BTC Price Returns Gains of $56,000 | Source: BTCUSD on Tradingview.com

Featured image from Skilling.com, chart from Tradingview.com

Source link

Bitcoin Crash experienced Predicts Recovery trader
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Doj closes 145 Bidencash sites: ‘No more anonymous’

2025-06-05

Bitcoin Treasury debts concerning concern are exaggerated, “Exec claims

2025-06-05

Solana flows the nail and possibly drags the price below $ 140, while the goal of $ 250 remains active

2025-06-05

Bitcoin wallet Creation raises 6 months, but traders sit back: why?

2025-06-05
Add A Comment

Comments are closed.

Top Posts

Will Optimism Bedrock Upgrade Affect Ethereum Blockchain?

2023-06-08

Japan’s $1.5 Trillion Pension Fund to Assess Bitcoin

2024-03-19

Maker takes the cake among DeFi tokens with the fewest holder losses

2023-08-24
Editors Picks

Kraken’s founder Jesse Powell is endorsing Brian Brooks for SEC chairman

2024-11-20

Snoop Dogg’s Bored Ape NFT inspires new Skechers line

2023-08-23

Have you traded Ethereum NFTs in the last two years? You can claim this airdrop

2023-12-19

The (small) impact of the Fed’s interest rate decision on BTC

2024-07-31

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Doj closes 145 Bidencash sites: ‘No more anonymous’

Successful retest of Breakout zone sets phase for the next leg higher

Former Doge -Head Elon Musk tells Wetgevers to kill Trump’s ‘big, beautiful’ account

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$101,924.00-2.81%
  • ethereumEthereum(ETH)$2,426.76-7.01%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.10-4.86%
  • binancecoinBNB(BNB)$633.20-4.78%
  • solanaSolana(SOL)$145.25-5.38%
  • usd-coinUSDC(USDC)$1.000.01%
  • tronTRON(TRX)$0.2788781.53%
  • dogecoinDogecoin(DOGE)$0.171605-8.98%
  • cardanoCardano(ADA)$0.63-6.06%
  • hyperliquidHyperliquid(HYPE)$33.98-6.22%
  • suiSui(SUI)$2.95-6.80%
  • chainlinkChainlink(LINK)$12.95-6.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.75-3.85%
  • stellarStellar(XLM)$0.257569-3.57%
  • avalanche-2Avalanche(AVAX)$18.79-6.55%
  • bitcoin-cashBitcoin Cash(BCH)$383.73-4.53%
  • the-open-networkToncoin(TON)$3.05-4.13%
  • shiba-inuShiba Inu(SHIB)$0.000012-6.26%
  • hedera-hashgraphHedera(HBAR)$0.160047-4.61%
  • litecoinLitecoin(LTC)$84.29-4.52%
  • polkadotPolkadot(DOT)$3.85-4.17%
  • moneroMonero(XMR)$318.100.18%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • daiDai(DAI)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.55-4.13%
  • piPi(PI)$0.62-4.15%
  • pepePepe(PEPE)$0.000011-9.76%
  • uniswapUniswap(UNI)$5.89-6.57%
  • aaveAave(AAVE)$244.08-7.44%
  • bittensorBittensor(TAO)$355.84-6.51%
  • okbOKB(OKB)$49.79-0.46%
  • crypto-com-chainCronos(CRO)$0.098227-2.15%
  • aptosAptos(APT)$4.51-5.76%
  • nearNEAR Protocol(NEAR)$2.27-7.07%
  • internet-computerInternet Computer(ICP)$4.88-6.52%
  • ethereum-classicEthereum Classic(ETC)$16.33-5.20%
  • ondo-financeOndo(ONDO)$0.78-6.08%
  • gatechain-tokenGateToken(GT)$18.46-3.70%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • kaspaKaspa(KAS)$0.081590-1.83%
  • mantleMantle(MNT)$0.63-5.32%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.200065-6.41%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.79-9.46%
  • vechainVeChain(VET)$0.022688-4.38%
  • render-tokenRender(RENDER)$3.56-5.45%
  • ethenaEthena(ENA)$0.288992-8.72%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.72-9.81%
  • worldcoin-wldWorldcoin(WLD)$1.04-8.26%
  • filecoinFilecoin(FIL)$2.38-7.21%
  • bitcoinBitcoin(BTC)$101,924.00-2.81%
  • ethereumEthereum(ETH)$2,426.76-7.01%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.10-4.86%
  • binancecoinBNB(BNB)$633.20-4.78%
  • solanaSolana(SOL)$145.25-5.38%
  • usd-coinUSDC(USDC)$1.000.01%
  • tronTRON(TRX)$0.2788781.53%
  • dogecoinDogecoin(DOGE)$0.171605-8.98%
  • cardanoCardano(ADA)$0.63-6.06%
  • hyperliquidHyperliquid(HYPE)$33.98-6.22%
  • suiSui(SUI)$2.95-6.80%
  • chainlinkChainlink(LINK)$12.95-6.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.75-3.85%
  • stellarStellar(XLM)$0.257569-3.57%
  • avalanche-2Avalanche(AVAX)$18.79-6.55%
  • bitcoin-cashBitcoin Cash(BCH)$383.73-4.53%
  • the-open-networkToncoin(TON)$3.05-4.13%
  • shiba-inuShiba Inu(SHIB)$0.000012-6.26%
  • hedera-hashgraphHedera(HBAR)$0.160047-4.61%
  • litecoinLitecoin(LTC)$84.29-4.52%
  • polkadotPolkadot(DOT)$3.85-4.17%
  • moneroMonero(XMR)$318.100.18%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • daiDai(DAI)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.55-4.13%
  • piPi(PI)$0.62-4.15%
  • pepePepe(PEPE)$0.000011-9.76%
  • uniswapUniswap(UNI)$5.89-6.57%
  • aaveAave(AAVE)$244.08-7.44%
  • bittensorBittensor(TAO)$355.84-6.51%
  • okbOKB(OKB)$49.79-0.46%
  • crypto-com-chainCronos(CRO)$0.098227-2.15%
  • aptosAptos(APT)$4.51-5.76%
  • nearNEAR Protocol(NEAR)$2.27-7.07%
  • internet-computerInternet Computer(ICP)$4.88-6.52%
  • ethereum-classicEthereum Classic(ETC)$16.33-5.20%
  • ondo-financeOndo(ONDO)$0.78-6.08%
  • gatechain-tokenGateToken(GT)$18.46-3.70%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • kaspaKaspa(KAS)$0.081590-1.83%
  • mantleMantle(MNT)$0.63-5.32%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.200065-6.41%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.79-9.46%
  • vechainVeChain(VET)$0.022688-4.38%
  • render-tokenRender(RENDER)$3.56-5.45%
  • ethenaEthena(ENA)$0.288992-8.72%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.72-9.81%
  • worldcoin-wldWorldcoin(WLD)$1.04-8.26%
  • filecoinFilecoin(FIL)$2.38-7.21%