Bitcoin price hits $23.5K today, after moving sideways near the $23K level for the last 9 days. However, the BTC price fails to hold the level and fell back to $23.3K. Legendary trader Peter Brandt has shared his prediction on Bitcoin price for a few days as Bitcoin enters a crucial week with the Fed rate hike decision and tech giants’ quarterly earnings.

Peter Brandt expects a fall in Bitcoin price as it fails to break the strong resistance and continues to move sideways. The Bitcoin price saw a 40% rally in January and looks weak ahead of the Fed rate hike decision. Traders await a pullback in BTC price to buy at low levels.

However, he remains optimistic about a Bitcoin price rally to $65K in mid-2023.

(By Varinder Singh)