2024

New BTC

Bitcoin

Master analyst Peter Brandt, who renewed and increased his Bitcoin target in February, stated that he predicted that BTC would rise to $ 200,000 by September 2025. 
Brandt predicted that Bitcoin would rise further in the ongoing bull market and increased his previous estimate of $120,000, expecting BTC to peak at $200,000 in 2025. 
However, the successful analyst changed this prediction and claimed that the Bitcoin bull market may have ended above the last ATH level of $ 73,000. 
According to Coindesk, Brandt stated that BTC may have reached its peak above $ 73,000, according to historical data, and based his prediction on the theory called “exponential decay”. 
In a recent blog post, he noted that according to exponential decay theory, each successive cycle in BTC has a peak price that is only 20% above the previous cycle's high. He stated that he confirmed this situation in the loop. 
<blockquote> 
 “Bitcoin may have reached or very close to its peak this cycle. Bitcoin has historically traded in a bull/bear cycle of approximately 4 years, which is often associated with halving events. Since the first bull cycle, there have been three major bull market cycles, and each cycle has increased in terms of ATH level. It was 80% less powerful than before. 
 If the 80% decline statistical constant is correct, Bitcoin's ATH of $73,835 on March 14, 2024 has already reached a record price consistent with historical Exponential Decay. 
 So if exponential decay theory is any guide, the bull market may be over.” 
</blockquote> 
However, Brandt stated that there is a possibility that the rise will continue despite the theory of exponential decay and reminded that the halving supports the rise of the BTC price. “According to the cycle theory based on the halving, Bitcoin may reach a peak in the current bull trend between $140,000 and $160,000 in the late summer/early autumn of 2025,” the analyst said. said. 
Finally, Peter Brandt added that historical data does not guarantee what will happen in the future and cannot be more than a guess. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/successful-analyst-peter-brandt-says-bitcoin-reached-its-peak-it-started-to-decline-here-are-the-new-btc-predictions/">Successful Analyst Peter Brandt Says Bitcoin Reached Its Peak, It Started to Decline! Here are the New BTC Predictions!</a>

Successful Analyst Peter Brandt Says Bitcoin Reached Its Peak, It Started to Decline! Here are the New BTC Predictions!

Bitcoin Sistemi EN

Other articles published on Apr 29, 2024

Petition to Include Cat Memes in the Book of Memes

Binance’s Challenger Emerges: Fezoo Exchange Gains Momentum with VeChain and Filecoin Backers Dur...

Australians Express Distrust Towards AI-Generated News Content

DeFi Flourishes as Lido Finance Surpasses 1 Million Validators Milestone

BREAKING: One of the Most Anticipated Token Launch and Airdrop is Coming

Nethermind has announced Starknet Grants Program

Join our free newsletter for daily crypto updates!