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    Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

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      Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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    • 2 minutes read

    Crypto Expert Peter Brandt Warns Bitcoin Rally Is At Risk – Here’s Why

    Story Highlights
    • Peter Brandt remains long on Bitcoin but warns of a breakdown if $107K support fails.

    • BTC has broken out of an expanding triangle, but risk of a false breakout remains.

    • Price targets sit at $120K and $134K - if Bitcoin can hold above $107K.

    Bitcoin pushed past $112,000 on Wednesday, giving bulls something to cheer about. But legendary trader Peter Brandt says the rally isnโ€™t guaranteed just yet.

    While heโ€™s still holding a long position on BTC, Brandt warns that a drop below $107,000 could flip the script entirely.

    This is something you want to know. Read on!

    Breakout Pattern Spotted, but It’s Not Without Risk

    Brandtโ€™s latest chart shows Bitcoin breaking out from an expanding triangle, also called a broadening wedge. This pattern is marked by a rising lower trendline and an upper line that doesnโ€™t converge. Basically, the price swings are getting wider, and so is the risk.

    While the breakout is encouraging, Brandt points out that expanding triangles often fail. That means thereโ€™s still a chance this move turns into a fakeout if support doesnโ€™t hold.

    $108K Turns Support, but $107K Is the Real Test

    For months, Bitcoin struggled to break above $108,100. Now that level has flipped into support – a solid win for the bulls. But Brandt says the real line in the sand is $107,000.

    If Bitcoin dips below that, the current bullish pattern could fall apart. In his words, it might โ€œmorphโ€ into something else entirely, likely a more bearish setup that could lead to a sharp pullback.

    Targets Ahead: $120K and $134K If Bulls Stay in Control

    Despite the warning, Brandt still sees upside if support holds. Based on the patternโ€™s range, heโ€™s watching for price targets around $120,958 and $134,886. He previously predicted Bitcoin could climb as high as $118,000 in the near term, and that scenario is still in play.

    Right now, Bitcoin is trading around $112,288, holding above key levels, but not in the clear just yet.

    Bottom Line

    With over five decades of trading experience, Brandt knows how quickly markets can flip. Heโ€™s still bullish, but the message is clear: $107K is the must-hold level for this rally to continue.

    If it holds, Bitcoin could be gearing up for another leg higher. If not, brace for a potential reversal.

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    FAQs

    How much will 1 Bitcoin cost in 2025?

    As per Coinpediaโ€™s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.

    How much will 1 Bitcoin be worth in 2030?

    With increased adoption, the price of Bitcoin could reach a height of $901,383.47 in 2030.

    How much will the price of Bitcoin be in 2040?

    As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98

    How high will Bitcoin go in 2050?

    By 2050, a single BTC price could go as high as $377,949,106.84

    Show More

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