Factor

Bitcoin

Coin

<ul class="news-points">
 <li>Peter Brandt, CEO of Factor LLC, suggests Bitcoin may have peaked.</li>
 <li>Brandt’s revised outlook is based on exponential decay theory.</li>
 <li>Bitcoin’s recent peak at $73,835 on March 14, 2024, aligns with Brandt’s observation.</li>
</ul>
Factor LLC CEO and popular chart analyst Peter Brandt revised his previously optimistic stance on Bitcoin’s trajectory. Brandt projected a bullish trend, suggesting that it would last until September 2025 and propelling <a href="https://x.com/peterlbrandt/status/1762303814156308957?s=46&amp;t=qzsvHvtDB3yjTaoaylh-2g" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> to highs of $200,000. However, he now believes Bitcoin may have already peaked.
Brandt based his revised outlook on “exponential decay,” a statistical pattern referring to the consistent reduction of an amount by a set percentage over time. He observed that “Bitcoin has historically traded within an approximately 4yr bull/bear cycle, often associated with the halving events. There have been three major bull market cycles since the initial bull cycle and each cycle has been 80% less powerful than its predecessor in terms of the price multiple gained.”
Considering this pattern, Brandt argued that Bitcoin’s recent peak of $73,835 on March 14, 2024, fits the expected outcome of exponential decay. Hence, he opined…
The post <a href="https://coinedition.com/chart-analyst-peter-brandt-revises-his-stance-on-bitcoins-trajectory/" rel="noopener noreferrer nofollow">Chart Analyst Peter Brandt Revises His Stance on Bitcoin’s Trajectory</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Chart Analyst Peter Brandt Revises His Stance on Bitcoin’s Trajectory

Coin Edition

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