Legendary Trader Peter Brandt Suggests $40,000 Pit Stop for Bitcoin Before Rally

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Legendary Trader Peter Brandt Suggests $40,000 Pit Stop for Bitcoin Before Rally
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Bitcoin may visit $40,000 before bull market really resumes, says Peter Brandt

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

Having witnessed numerous market cycles throughout his extensive career, Brandt highlights a crucial observation: despite past halving events and the launch of ETFs, Bitcoin has failed to surpass its highs from three years ago. Despite acknowledging a 25% probability that Bitcoin had already reached its local peak at $74,000, Brandt remains cautiously optimistic about the ongoing bull market.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

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