BTC Shows Strong Rebound After Recent Decline

According to Odaily, Bitcoin (BTC) experienced a strong rebound over the weekend after recently falling below the $91,000 mark. It has now slightly retreated to around $96,000. Veteran trader Peter Brandt has reiterated his bullish outlook on BTC, suggesting that it may continue to rise in the future. Other on-chain indicators also suggest a positive momentum for BTC. In his recent analysis, Brandt indicated that BTC could reach $108,358 in the coming days. However, he also warned, citing technical charts, that BTC's price might pull back to $76,614 during its upward trend. He emphasized that this is not a prediction but a reflection of market risks, stating that these analyses represent "possibilities, not probabilities, and not certainties." Additionally, Brandt has recently set a BTC price target of $125,000.