Brandt Revisits $100k Bitcoin Target as Price Tests $82k Resistance

Bitcoin's price surge has led Peter Brandt to revive his 2019 prediction of reaching $100,000. The cryptocurrency broke through $80,000 and tested a resistance level at $82,000.

According to analysts, the current market structure is supported by spot ETF flows and large funds holding BTC ($79,668.00 · Live).

As long as critical support levels are maintained, the multi-year bull scenario remains valid, Brandt said.