Bitcoin is at a critical point this year, needing to maintain a price above $48,000 to keep alive the chances of reaching an all-time high of $135,000 by 2025. This analysis comes from seasoned trader Peter Brandt.
Brandt emphasizes that the Bitcoin bulls must avoid a 25% dip from its current position to meet this ambitious target. Falling below this support level could derail hopes of achieving substantial growth in the coming years.
The potential for this six-figure valuation hinges on maintaining upward momentum and market confidence, making the $48,000 floor crucial according to Brandt's projections.
