In case Brandt's analysis is accurate, we are going to see Bitcoin trade well above $100,000 in less than a few years. However, as the experienced trader himself points out, there is no proper way to accurately predict the upcoming moves ofBy his statement, Brandt is most likely referring to the lack of fundamental factors that are usually considered bullish for the digital assets industry.
Despite the statement made by Jerome Powell, the financial market has been rallying since the beginning of the new year. Considering Bitcoin's enormous correlation with stocks, an upward move is not unusual at this point in time.Despite all the things the trader highlighted, the market is still showing upward momentum, though some of the assets are already signaling fading momentum, which could be considered as grounds for an upcoming correction downward.