Analyst: Bitcoin increased 27%, Peter Brandt looked up

Peter Brandt, after predicting that bitcoin would rebound to $58,000, has now turned to a rise. Bitcoin rebounded from US$ 58,000 to close to US$ 80,000, a trend driven by the demand for ETFs and empty headbacks. Bitcoin reached approximately $79,500 on 21 August, up by nearly 27 per cent from $57,717 in July. Bitcoin rebounded this time thanks to empty liquidations and many empty traders were forced to settle. In response to this rebound, the United States Fund attracted some $1.92 billion in inflows, which recently accelerated, helping to raise bitcoin prices to more than $69,000. The next major test zone currently facing Bitcoin is between $79,500 and $80,000, and if the region is to be reached, it will further consolidate the growth pattern。