Bitcoin halvings have historically aligned with the halfway points of past bull market cycles. Peter Brandt predicts Bitcoin could reach a high of around $130K to $150K. New market players could alter market dynamics. Bitcoin is up 2% on Monday after veteran trader Peter Brandt set a high bar for potential BTC's new all-time high in a recent analysis. Bitcoin could see a new all-time high soon Bitcoin's price has followed a somewhat mixed movement since the halving event on April 19.
He further explained how this analysis suggests the next bull market high will occur around late August/early September 2025. BTC historical price movement ...it should be noted that the highs of past bull markets line up quite well against an inverted parabolic curve. Should this tendency also continue, the high of this bull market cycle could be in the $130,000 to $150,00 range. The X on the chart marks the probably high date and price level, he said.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »