BTC experienced a strong rebound this weekend after recently dropping below the $91,000 mark, and is currently slightly falling back to around $96,000. During this process, veteran trader Peter Brandt reiterated his bullish view on BTC and suggested that it may continue to rise in the future. In addition, other on-chain indicators also indicate a promising future for BTC. In recent analysis, Brandt stated that BTC may reach $108,358 in the next few days.

However, he also warned using technical charts that the price of BTC may fall back to $76,614 during an upward trend, and added that "this is not a prediction," pointing out the risks in the market. He stated that these analyses only reflect "possibilities, not probabilities, and not certainties."

In addition, his recently set BTC price target is $125,000.