Monday, June 3, 2024 ▪
4
min reading ▪ acc
Since mid-April 2024, the price of Bitcoin has stagnated, but experts remain optimistic about possible growth. Brave cryptoanalyst Peter Brandt predicts a significant increase, although this increase will take some time to materialize.
Peter Brandt Predictions: Bitcoin to $150,000 by 2025?
Peter Brandt, a crypto expert and Bitcoin enthusiast, assumes so bitcoin could reach the range of $130,000 to $150,000 by September 2025. This projection is based on historical models where they bisect bitcoins have often marked the beginning of significant bull cycles.
In April 2024, 4E halving bitcoin reduced the rewards for BTC miners by 50%, an event that traditionally preceded a significant increase in the price of Bitcoin.
Brandt points this out in his blog post past bisections created “almost perfect symmetry” in bull cycles. According to him, the current bull market would begin in December 2022, about 16 months before the recent halving, which is consistent with historical trends in previous cycles.
Despite an increase of more than 311% since December 2022bitcoin has yet to surpass its all-time high of $73,750 reached in March 2024. Brandt tempers his optimism by citing a 25% chance that bitcoin has already reached the peak of this bull cycle, noting decline in returns over cycles.
Risk of Exponential Decay: Critical Warning
Peter Brandt also warns against it screenplay ” exponential decay » unless bitcoin breaks its previous all-time high and falls below $55,000. This situation can lead to a sudden and sustained drop in the price of Bitcoinrepresenting a large risk for investors.
Right now Bitcoin is trading around $69,059 up 1.5% in the last 24 hours and record trading volume of $22.58 billion, an increase of 100%.
Cross the $70,000 mark is essential to pave the way to new highs, in line with the predictions of Brandt, this proven anti-Ethereum.
However, history shows that cryptocurrency markets can be extremely volatile and unpredictable. Despite patterns and trends, technical analysis is not infallible and projections should be approached with caution. Brandt himself admits limits of technical analysis, emphasizing that no method is guaranteed to predict the future with certainty.
Bitcoin’s future trajectory remains uncertain. Although significant increases are expected, investors should also prepare for potential downside risks.
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DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.