Bitcoin set for ‘dramatic’ surge if it doesn’t top soon: Peter Brandt

Peter Brandt, a veteran trader, has suggested that Bitcoin is poised for a significant price movement if it doesn’t reach its peak soon. He cites historical patterns from Bitcoin’s previous four-year cycles as a basis for his prediction. Brandt notes that Bitcoin's current cycle low occurred on November 9, 2022, 533 days before the expected halving on April 20, 2024. He suggests that Bitcoin's price could reach between $150,000 and $185,000 if it continues to rise. However, he warns that deviations from established market cycles can lead to dramatic changes in price. This conversation comes amid ongoing debates regarding the relevance of the four-year cycle in the face of institutional adoption and the introduction of financial products related to digital assets. Analysts project that Bitcoin could see substantial gains by year-end, with predictions of prices exceeding $140,000 based on historical data. Furthermore, notable figures in the crypto space predict Bitcoin could even reach around $250,000 by the end of 2025.

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