Will Bitcoin Rise or Fall? Check out Veteran Trader Peter Brandt’s Prediction!

Jakarta, Pintu News – Bitcoin (BTC) has recently experienced significant price fluctuations, moving between key support and resistance levels. In the last trading session, Bitcoin (BTC) was trading at $108,365, with daily price movements between $106,800 and $114,082. These volatile market conditions have crypto market traders and analysts constantly monitoring the next direction of Bitcoin (BTC).

Market Volatility and its Impact on Bitcoin

In the last trading session, Bitcoin (BTC) peaked at $114,082 before losing most of its gains, resulting in massive liquidation in the crypto market. According to data from CoinGlass, over $748 million of leveraged positions have been liquidated, with Bitcoin (BTC) accounting for $317 million of that amount.

These liquidations included $171 million of long Bitcoin (BTC) positions and $145 million of short positions, showing that Bitcoin’s (BTC) two-way price action is putting pressure on both bullish and bearish positions. These challenging market conditions highlight how difficult it is for traders to make accurate predictions.

Sharp price fluctuations and massive liquidations suggest that market sentiment is currently very cautious, especially towards the end of October. Market participants are now waiting with uncertainty to see where Bitcoin (BTC) will go next.

Also Read: 5 Shocking Facts: Prediction Market Volume Explodes 5-Fold, Reaching Rp49.9 Trillion!

Peter Brandt’s Prediction About Bitcoin

Peter Brandt, a veteran trader, gave his opinion on the current situation. Brandt stated that he is prepared to follow whichever direction Bitcoin (BTC) takes. “I’ll be the first to admit that you’re probably right. I’m willing to follow it in either direction. If BTC goes up I want to be long, if it goes down I want to be short,” Brandt said.

This commentary shows flexibility and readiness to adjust trading strategies according to Bitcoin (BTC) price movements. Market analysis suggests that Bitcoin (BTC) may be in a downward structure within a bullish trend, which could eventually become bullish. However, Brandt did not give a definite prediction, pointing out that even experienced traders face difficulties predicting the market precisely in these volatile conditions.

Key Support and Resistance Levels for Bitcoin

In Bitcoin (BTC) technical analysis, the $102,000 and $120,000 levels are identified as key support and resistance levels. These levels are important because they can provide clues about the potential future price movements of Bitcoin (BTC). If Bitcoin (BTC) price can break either of these levels, it may signal a significant change in the market trend.

Monitoring these levels is crucial for traders and investors to make informed trading decisions. Knowing when to enter or exit a position can depend heavily on how the price of Bitcoin (BTC) interacts with these support and resistance levels.

Conclusion

With uncertain market conditions and high price volatility, market participants must remain vigilant and ready to adjust their strategies. A flexible and responsive approach to changing market conditions, as expressed by Peter Brandt, may be the key to succeeding in Bitcoin (BTC) trading in the future.

Also Read: Top 2 Trending Crypto Before November 2025: Widely Watched by Whale!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. Bitcoin Up or Down? Veteran Trader Peter Brandt Reveals BTC Take. Accessed on October 24, 2025