Bitcoin

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<p>The post <a href="https://coinpedia.org/news/trader-peter-brandt-raises-doubts-on-bitcoin-bull-run-continuation/">Trader Peter Brandt Raises Doubts on Bitcoin Bull Run Continuation</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Renowned trader Peter Brandt has raised doubts about the sustainability of Bitcoin’s&nbsp;ongoing bull market cycle. In a detailed analysis titled “Does history make a case that <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin</a> has topped?” Brandt highlights trends in Bitcoin’s historical price cycles that suggest diminishing momentum over time.</p> 
<h2 class="wp-block-heading" id="h-diminishing-momentum-in-bull-cycles">Diminishing Momentum in Bull Cycles</h2> 
<p><a href="https://www.peterlbrandt.com/does-history-make-a-case-that-bitcoin-has-topped/">Brandt identifies four significant</a> bull cycles in Bitcoin’s history, with the current surge marking the fifth. He notes a troubling pattern: each successive cycle has experienced diminishing exponential advances, losing approximately 80% of the momentum from the previous cycle.</p> 
<p>Applying this trend to the current cycle, Brandt projects a potential peak of around $72,723, a level that has recently been reached in trading. Despite the impact of halving events on <a href="https://coinpedia.org/news/bitcoin-btc-price-at-risk-of-dropping-20-in-coming-month/">Bitcoin’s price</a>, Brandt emphasizes the sobering reality of exponential decay, suggesting a 25% chance that Bitcoin may have already reached its peak for this cycle.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/news/bitcoin-btc-price-at-risk-of-dropping-20-in-coming-month/">Bitcoin (BTC) Bears in Control? BTC Price at Risk of Dropping 20% Soon</a></p> 
<h2 class="wp-block-heading" id="h-speculations-on-market-top">Speculations on Market Top</h2> 
<p>Brandt speculates on potential price retracements in the event of a market top, foreseeing a decline to the mid-$30,000 range per <a href="https://coinpedia.org/news/strike-ceo-predicts-explosive-bitcoin-growth-eyes-potential-seven-figure-price/">BTC or even revisiting</a> lows from 2021. However, he views such a correction as potentially bullish in the long term, drawing parallels to similar chart patterns observed in the gold market.</p> 
<p>Peter Brandt’s analysis offers valuable insights into the evolving dynamics of Bitcoin’s market cycles and highlights the significance of data-driven analysis in understanding cryptocurrency market trends.</p> 
<p>Read Also : <a href="https://coinpedia.org/price-analysis/bitcoin-etfs-under-stress-options-data-project-tough-recovery/">Bitcoin ETFs Under Stress, Options Data Project Tough Recovery</a></p>

Trader Peter Brandt Raises Doubts on Bitcoin Bull Run Continuation

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