The Bitcoin price surpassed $21,440 on major cryptocurrency exchanges, marking the highest level of Bitcoin since the FTX collapse.
Much of the buying pressure was retail driven as crypto mirrored stock markets’ Friday surge.
Peter Brandt is a respected trader and analyst in markets. He shared his predictions for Bitcoin’s future price in 2023.

Cryptocurrencies roared into the weekend as Bitcoin price spiked to highs above $21,000 for the first time since FTX’s debacle began to unfold in November.

Data from CoinGecko shows The benchmark crypto saw prices close to $21,450 at major crypto exchanges, while major altcoins tracked the most valuable digital asset. Ethereum broke above $1500, Solana traded at $24 highs, and Dogecoin was up to $0.088.

It’s notable that the rise in crypto prices followed a tick up for growth stocks and risk assets as the US inflation slowed further in December to suggest a potential pivot from the Federal Reserve.

Bitcoin price rally – Analyst points to $25K by March

Bitcoin has risen more than 22% over the last seven days. Bitcoin currently shows resilience above the $20,000 level.

While on-chain data indicates the weekend buying pressure wasn’t so much as institutional investor-driven, the potential for bitcoin going higher remains if prices consolidate above the psychological level.

According to veteran trader and markets analyst Peter Brandt, BTC’s bullish trend will benefit from a weekly close above $20,800. He shared his prediction in an article. tweet.

An idiot can make wild predictions about markets. So here’s my prediction. In reality, there is no way to predict what any given market will do. $BTC pic.twitter.com/bpP2ThjnZK

— Peter Brandt (@PeterLBrandt) January 15, 2023

Expert trader, the analyst predicts that Bitcoin will test major resistance at $25,000 in March. Rejection could see BTC retest $18,000. The analyst predicts a sharp rally if bulls maintain this level. Bitcoin could then test resistance levels at $35,000 by July 2023.

Although he warns that no one can predict the markets with certainty, his long term outlook for Bitcoin has the cryptocurrency’s price above $100,000 by 2025.