Veteran trader Peter Brandt, known for his accurate predictions, on Tuesday recommended buying Bitcoin amid global market shifts in 2025. Bitcoin price has surged 15% this year, with the Trump administration’s pro-crypto stance being one of the major factors behind the rally.
Notably, Peter Brandt shared his golden advice that new traders or investors should put their money in an S&P 500 exchange-traded fund (ETF), a Nasdaq 100 ETF, and Bitcoin (BTC). This would help investors diversify their investment portfolio and reduce risks amid volatile and uncertain market conditions like the current Middle East crisis.
In fact, Bitcoin price has outperformed the Nasdaq 100 and S&P 500 year-to-date. While BTC price has rallied 15%, Nasdaq 100 and S&P 500 have only increased by 4.59% and 2.80%, respectively. US President Donald Trump’s pro-crypto policies have prompted many companies to hold Bitcoin, Ethereum, and other altcoins for different use cases.
BTC price faded earlier rally toward $109K in the last 24 hours, with the price currently trading at $106,884. The 24-hour low and high are $106,219 and $108,915, respectively. Furthermore, the trading volume has increased by 32% in the last 24 hours, indicating a rise in interest among traders.
Peter Brandt predicted Bitcoin price is approaching a parabolic top and could crash. This aligns with his historical predictions of a 50-80% correction in Bitcoin after reaching the parabolic top.
However, crypto analysts point to continued bullish momentum despite profit booking by some investors. According to on-chain analyst Axel Adler Jr, the Bitcoin MVRV-Z Score is indicating a continued buying strength but without extreme overheating.
The majority of short-term holders are in profit, creating conditions for potential profit-taking. “But as long as this isn’t happening, it’s a good signal” he added. While the BTC price is trapped in the $110-104K range, short-term holders (STH) remain confident about further growth.
However, he said Bitcoin still has a high probability of short-term corrections around $110K as some players may begin to take profits. As reported earlier by The Crypto Times, $107.2K and $110K are two major resistance levels to watch, as a breakout above these could trigger a Bitcoin price rally to a new ATH.
Moreover, traders are cautious ahead of the upcoming FOMC meeting despite the CME FedWatch indicating a 99.9% chance of the Fed keeping interest rates unchanged at 4.25-4.5%.
