Bitcoin’s Wild Ride: Will It Really Hit $200,000? 🤔💰

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Ah, the venerable Peter L. Brandt, a name that echoes through the hallowed halls of trading since the disco era! This old-school commodities trader has graced the crypto community with a nugget of wisdom, or perhaps just a whimsical musing—“a thought, not a trade,” darling! How delightfully cryptic! 🕵️‍♂️

Brandt has unveiled a rather crucial condition for our beloved Bitcoin to leap to the dizzying heights of $200,000 by the end of this decade. One can only imagine the champagne corks popping in anticipation! 🍾

The Golden Key to Bitcoin’s Ascension

With the flair of a seasoned performer, Brandt presented a chart that traces Bitcoin’s price trajectory since 2012, complete with the parabolic resistance line that has thwarted its every attempt at glory. Each price peak followed by a dramatic correction—oh, the suspense! It’s like a soap opera, but with more zeros! 📉

Our dear Peter insists that unless Bitcoin can achieve “escape velocity” through that pesky upper parabolic resistance line, it’s rather “unlikely” we’ll be toasting to $200,000 by 2030. How positively tragic! 😱

From the world of crazy ideas comes this thought – a thought, not a trade. Unless Bitcoin has escape velocity through upper parabolic resistance line it’s very unlikely that BTC will be trading above $200k at the end of this decade. Only☑️can reply. No interest in non- ☑️replies

— Peter Brandt (@PeterLBrandt) February 14, 2025

Now, let’s not forget that on January 20, Bitcoin reached a staggering all-time high of $109,114, currently lounging at a mere $96,606. Brandt, with all the confidence of a seasoned gambler, suggests that in the next five years, Bitcoin could double its value—if it can just manage to hop over that parabolic hurdle. What a cliffhanger! 🎢

Samson Mow’s Six-Step Plan to Bitcoin Glory

And just when you thought the drama couldn’t escalate further, enter Samson Mow, the Bitcoin maximalist extraordinaire! He recently tweeted about six key drivers that could catapult Bitcoin toward an Omega candle—yes, that’s a million-dollar coin, darling! 💸

Among Mow’s six factors, the first has already begun—Michael Saylor’s institutional accumulation and those ever-elusive spot ETFs. Mow believes these buyers will create a Bitcoin supply shock. How thrilling! 💥

The next two points involve Strategic Bitcoin Reserves at both federal and state levels. Some states are already discussing this—imagine the boardroom meetings! 🏛️

Then, Mow predicts the U.S. dollar will eventually be rebased to Satoshis. And finally, he foresees nation-states adopting Bitcoin as a national currency, driven by a delightful case of FOMO. The cherry on top? The “demonetization of gold to acquire BTC.” Oh, the audacity! 🍒

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2025-02-14 18:30