| Mobile Web

Experts outline bitcoin scenarios: more decline vs surge to $127,500

Bitcoin is more likely to face further correction and a prolonged range than a sharp short-term rebound, a forecast said. Legendary trader Peter Brandt (피터 브란트) said bitcoin could remain in a downward channel, dismissing a bullish flag interpretation. He cited moving-average pressure and an ADX reading of 28.27 as evidence sellers remain in control. Brandt kept a long-term upside target near $127,500, but said it requires a confirmed breakout above the channel.