Greed

Bitcoin

Online

April

Crypto investors are eagerly awaiting the next chapter in Bitcoin’s story, and this veteran trader just offered a potential plot twist. 
In his analysis, Peter Brandt suggests <a href="https://www.coingecko.com/en/coins/bitcoin" rel="nofollow noopener" target="_blank">Bitcoin</a> could gallop towards a record-breaking peak of $130,000 to <a href="https://www.peterlbrandt.com/the-beautiful-symmetry-of-past-bitcoin-bull-market-cycles/" target="_blank" rel="noopener nofollow">$150,000 by late summer 2025.</a> 
Brandt’s forecast hinges on a historical phenomenon known as the <a href="https://www.investopedia.com/bitcoin-halving-4843769#:~:text=Key%20Takeaways,block%20reward%20of%203.125%20BTC." target="_blank" rel="noopener nofollow">Bitcoin halving</a>. Every four years, the number of Bitcoins awarded to miners gets cut in half, restricting supply and theoretically pushing prices upwards. 
<h2 data-sourcepos="5:1-5:122" id="strong-25-chance-bitcoin-has-already-hit-its-peak-strong">25% Chance Bitcoin Has Already Hit Its Peak</h2> 
But Brandt examines deeper – he argues that past halving dates have coincided roughly with the midpoint of bull market cycles. With the most recent halving happening in April 2024, his analysis suggests a peak 16-18 months later, landing us squarely in that August-September 2025 window. 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-303420" src="https://bitcoinist.com/wp-content/uploads/2024/06/a_1348cc.png?resize=1024%2C493" alt="" width="1024" height="493" srcset="https://bitcoinist.com/wp-content/uploads/2024/06/a_1348cc.png?resize=1024%2C493?w=1172 1172w, https://bitcoinist.com/wp-content/uploads/2024/06/a_1348cc.png?resize=1024%2C493?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/06/a_1348cc.png?resize=1024%2C493?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/06/a_1348cc.png?resize=1024%2C493?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/06/a_1348cc.png?resize=1024%2C493?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/06/a_1348cc.png?resize=1024%2C493?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> 
Brandt himself acknowledges the limitations of his prediction. He warns that “no method of analysis is fool-proof,” adding a cautious 25% chance that Bitcoin might have already hit its peak for this cycle. This raises a critical question – are we already past the stampede and staring down a crypto winter? 
<h2 data-sourcepos="9:1-9:196" id="strong-underlying-factors-for-brandt-s-analysis-strong">Underlying Factors For Brandt’s Analysis</h2> 
There are additional factors that temper Brandt’s optimism. One is the diminishing returns of each bull cycle. While historical peaks show impressive growth, the gains seem to be moderating. The last peak fell short of its predecessor, and if this trend continues, there’s a chance we might not see a six-figure Bitcoin this time around. 
Additionally, a price drop below $55,000 could signal a weakening bull and a potential correction, sending shivers down the spines of even the most dedicated hodlers (holders of cryptocurrency for the long term). 
<img loading="lazy" decoding="async" class="aligncenter size-full" src="https://www.tradingview.com/x/aOVeVMIe/" width="2475" height="1163"> Bitcoin Price Forecast 
Meanwhile, the current <a href="https://coincodex.com/crypto/bitcoin/price-prediction/" target="_blank" rel="noopener nofollow">Bitcoin price prediction</a> indicates a strong bullish trend, projecting a substantial increase of 28% to a price of $88,600 by July 3, 2024. This optimism is supported by positive market sentiment, as reflected by technical indicators. A Bullish sentiment suggests that investors are confident in Bitcoin’s upward trajectory. 
Additionally, the<a href="https://www.nerdwallet.com/article/investing/what-is-the-fear-and-greed-index#:~:text=Fear%20%26%20Greed%20Index.,prices%2C%20according%20to%20the%20index." target="_blank" rel="noopener nofollow"> Fear &amp; Greed Index,</a> which currently stands at 73 (Greed), signals that market participants are becoming more eager to invest, potentially driving the price further up. This index level indicates a high level of market confidence and could be a precursor to sustained price increases if the sentiment persists. 
Over the last 30 days, Bitcoin’s performance has shown mixed results with a 47% success rate in recording green days, indicating almost half the days were profitable. The price volatility at 4.45% suggests that while there is significant movement, it remains within a moderate range, characteristic of an active but not overly volatile market. 
The combination of these factors—positive sentiment, a high Greed index, and relatively controlled volatility—paints a picture of a market poised for continued growth, assuming no significant external shocks or negative news impacts the cryptocurrency landscape. 
Featured image from Pngtree, chart from TradingView

September Surprise? Bitcoin Could Hit $150,000 If History Repeats – Veteran Trader

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