Peter Brandt has revealed how high the price of Bitcoin can possibly surge
According to the chartist, the leading cryptocurrency is currently in the"sweet spot" of the bull market cycle. Remarkably, the number of weeks from the bottom of the bear market to a halving event is"almost equal" to the number of weeks from the block reward to the peak of a bull cycle.
Based on this theory, Brandt believes that the cryptocurrency is going to reach the peak of the current cycle in 2025. Bitcoin finally surged above its previous all-time high on Nov. 6. As reported by U.Today, it briefly surged above the $76,000 level, reaching a new lifetime peak of $76,243.should easily reach $80,000 within a month. Even though there is a bullish divergence on the one-hour chart, it should be easily canceled with a new record high.
The largest cryptocurrency is currently changing hands at $74,889 after giving up some gains. It is up by nearly 4% over the past week. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trading Legend Peter Brandt Unveils Crucial 'Yellow Zone' for BitcoinTop trader Peter Brandt predicts Bitcoin (BTC) price's future after yesterday's $66,000 pump
Read more »
Bitcoin to $135,000: Peter Brandt Unveils Epic Bitcoin Price PredictionBitcoin to $135,000 countdown: Legendary trader Peter Brandt reveals his timeline
Read more »
Legendary Trader Peter Brandt Weighs In on MicroStrategy's BTC-Fueled RallyLegendary trader Peter Brandt shared his thoughts on recent MicroStrategy (MSTR) rally
Read more »
"Most Anticipated" Bitcoin Breakout: Legendary Trader Brandt Shares Crucial ChartPeter Brandt previously predicted that the price of Bitcoin could surge all the way to $150,000
Read more »
Legendary Trader Peter Brandt: 'Bitcoin Price Is in Window,' Here Are OptionsSavvy commodities trader Brandt makes important Bitcoin price statement
Read more »
Trading Legend Peter Brandt Teases Real Bitcoin Price History Pattern ResearchBitcoin price secrets about to be unlocked as trading legend Peter Brandt makes major announcement
Read more »