Trader: Bitcoin may continue to rise, with a recent price target of $125,000

ChainCatcher news, according to CoinGape, BTC has shown a strong rebound this weekend after recently falling below the $91,000 mark, currently slightly retreating to around $96,000. During this process, veteran trader Peter Brandt reiterated his bullish outlook on BTC, stating that it may continue to rise in the future. Additionally, other on-chain indicators also suggest a positive momentum for BTC in the future. In a recent analysis, Brandt mentioned that BTC could reach $108,358 in the coming days.

However, he also cited technical charts warning that the BTC price may pull back to $76,614 during the upward trend, adding that "this is not a prediction," pointing out the risks present in the market. He stated that these analyses reflect "possibilities, not probabilities, and not certainties."

Furthermore, his recently set price target for BTC is $125,000.