9 hours ago
Legendary trader Peter Brandt says Bitcoin (BTC ) may hit $150,000 this year while not ruling out a possible bearish scenario instead. Brandt tells his 773,500 followers on the social media platform X that Bitcoin may surge nearly 50% from its current value. However, he warns that based on Bayesian analysis, a statistical method that evaluates future outcomes based on historical trends and new data, there remains a possibility that Bitcoin may suddenly plummet by more than 50%. “Preface: what I am saying here will completely confuse those of you who are single narrative dogmatic investors. I am a Bayesian, open at the same time to multiple narratives. I’ve forecast $135,000 +/-$15,000 for BTC in 2025. But, as a Bayesian, I still assign the possibility that BTC is constructing a massive top for a 50%+ decline. Do I hedge my bets based on Bayesian priors – of course I do. Being aware of risks comes from being a 50-year career trader.” Source: Peter Brandt/X Looking at his chart, the analyst suggests that Bitcoin may plummet if it completes the bearish head-and-shoulders pattern (H&S) on the daily chart. A head-and-shoulders pattern typically suggests that an asset is losing momentum and could reverse its uptrend if the price breaks below the structure’s support. However, Brandt also says that BTC appears to be flashing a bullish price pattern using the terms bump, hump, slump and dump. The pattern, which was also witnessed last year before BTC surged from $50,000 to above $100,000, suggests that BTC may “dump” to around $84,000 before recovering and ascending toward $150,000. “The big question in my mind is whether Bitcoin will get one more dump (or more lengthy congestive chop) before the pump. Remember, markets generally do not [soar] until retail traders get worn out.” Bitcoin is trading for $100,029 at time of writing. Brandt next weighs in on Ethereum ( ETH ) competitor Cardano ( ADA ). He believes that ADA has reached a local market bottom at $0.81 on the weekly chart and is gearing up for a massive breakout that will flip $1.09 into support. “Altseason? Make no doubt about it, Cardano has bottomed for a grand bull market.” Source: Peter Brandt/X ADA is trading for $1.09 at time of writing, up 4.9% in the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Veteran Trader Peter Brandt Predicts Bitcoin Could Rally to $150,000 This Year – But There’s a Catch appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Bitcoin ada BTC Cardano News
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
$1.23 Billion BTC Bhutan Government Shovels $65 Million in Bitcoin: Details
Royal Butan government has transferred part of its Bitcoin stash The Daily Hodl
Massive sell-off alert as Ondo Finance unlocks nearly $2.5 billion of ONDO today
The Ondo Finance ( ONDO ) is leading this week’s token unlocks with a massive unlock of 1.94 billion ONDO. This amount is valued at nearly $2.50 billion at current prices, marking a significant dilution to its holders. So far, the Ondo Finance protocol has only unlocked 14% of all its 10 billion ONDO supply. The currently circulating 1.45 billion ONDO was achieved with a single unlock event of 1.43 billion ONDO on January 18, 2024, plus daily unlocks of 54,400 ONDO going on for a year. Today, on January 18, 2025, vesting contracts will unlock 1.94 billion ONDO, increasing its circulating supply by 134.21%. As of this writing, the unlocked amount is worth $2.42 billion, representing one of the biggest crypto unlocks ever. Ondo Finance (ONDO) token unlock events. Source: Tokenomist / Finbold Ondo Finance (ONDO) token unlock distribution Most of the unlocked tokens will be destined to “Protocol Development,” according to data Finbold retrieved from Tokenomist . For that, 825 million ONDO, worth $1.03 billion, will be used to pay Ondo Finance core developers. Besides development, the team will also have 792.05 million more tokens under its control, this time for “Ecosystem Growth,” valued at $990.07 million. The smallest share of today’s unlock will be distributed to “Private Sales” investors, unlocking 322.56 million ONDO for sales in the open market that would render $403.20 million if sold at these prices. Other cryptocurrency unlocks for this week Overall, Tokenomist identified $2.93 billion worth of token unlocks from 34 cryptocurrencies in the next seven days. Ondo is dominating the upcoming value dilution with the aforementioned event that will happen tonight, followed by Solv Protocol ( SOLV ). On that note, second-largest unlock will see $187.79 million of a $180 million market cap cryptocurrency reaching the markets this week. Other notable unlock is from Fasttoken ( FTN ), valued at $77.20 million. The list also includes well-known projects like ImmutableX ( IMX ), Apecoin ( APE ), Ethena ( ENA ), Hatom ( HTM ), and 1Inch ( 1INCH ). From another perspective, Solana ( SOL ), Worldcoin ( WLD ), and Celestia ( TIA ) lead today’s linear unlocks. These releases sum up to $78.60 million reaching the market today, and Solana leads with $14.58 million of daily inflation. Token Unlocks Dashboard – Cliff Unlocks Next 7D & Today Linear Release. Source: Tokenomist / Finbold While token unlocks and linear inflation are often overlooked by retail crypto investors, these can have a significant influence in each token economics, potentially impacting their price and long-term value. With more tokens reaching the markets, more demand is needed to absorb the selling pressure, which is not always guaranteed. Featured image from Shutterstock The post Massive sell-off alert as Ondo Finance unlocks nearly $2.5 billion of ONDO today appeared first on Finbold . The Daily Hodl
BUSINESS
-
AI predicts Chainlink (LINK) price for Q1 2025
1 saat önce
