Well-known trader Peter Brandt has recently shared his forecasts for the year-end performance of pivotal asset classes, including stocks,
Well-known trader Peter Brandt has recently shared his forecasts for the year-end performance of pivotal asset classes, including stocks, cryptocurrencies, and gold, with his social media audience. Brandts insights delve into various potential outcomes for these markets, as he identifies key support and resistance levels that may indicate significant shifts ahead.
What Will Happen to Stocks?
According to Brandt, the S&P 500 index faces a potential downward trend after breaking through critical support levels, which he anticipates will act as resistance if retested. He highlights a significant threshold at 5,800 and projects that by year-end, the index might fall below 4,500 points.
Peter Brandt: “I believe we will finish 2025 at lower levels.”
Whats Next for Cryptocurrencies?
In his analysis of the cryptocurrency market, Brandt raised concerns about Bitcoin and Ethereum. He warned that Bitcoin could drop below its upward trajectory established in 2023, possibly reaching around $50,000. Currently, it trades at approximately $84,580, while Ethereum may slide to about $600 by the years end.
Peter Brandt: “This is not my opinion but what the chart likely indicates.”
Will Gold Continue Its Ascent?
Brandt remains bullish on gold, predicting that it will likely sustain its long-term upward momentum. His technical analysis points toward a potential breakout of its ascending channel, with projections suggesting gold might soar to $3,600. He advises investors to be vigilant in response to market movements.
The analysis suggests varied trajectories for each market: declines for the S&P 500, Bitcoin, and Ethereum juxtaposed with expected gains in gold. These insights are based on current technical levels and breakouts observed in the markets.
Market participants should heed these analyses when considering their investment strategies, as the unpredictable nature of the market could yield significant fluctuations in the near future.
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