😱🚀🚀The peak prediction for Bitcoin (BTC) has arrived from famous analysts!
Popular cryptocurrency analyst Peter Brandt has created great controversy by suggesting that Bitcoin (BTC) may have peaked this cycle.
Popular cryptocurrency analyst Peter Brandt has created great controversy by suggesting that Bitcoin (BTC) may have peaked this cycle.
According to the “exponential decline” model put forward by Peter Brandt, there is a very low probability that Bitcoin will have peaked at $70,000 this cycle. Many other price models and forecasts suggest that Bitcoin is still far from the cycle peak and could reach the $210,000 level before the end of the bull run.
On April 27, experienced trader and analyst Peter Brandt published a theory suggesting that Bitcoin's bull market cycles exhibit an “exponential decline” pattern.
This occurs when each successive cycle has a peak price around 20 percent of the ATH in the previous cycle. The data shows that this has happened in the last three Bitcoin market cycles. “In other words, the exponential energy of every successful bull market cycle has been lost by 80 percent,” Brandt said.
Based on this rate of deterioration, Brandt estimated that the current cycle will see only 4.5 times earnings from a low of about $15,500. Therefore, the cycle peak is projected to be around $70,000, a level that had already been reached in March, when prices exceeded $73,000.
However, Brandt is not completely convinced by this theory and estimates the probability of #BTC having already peaked this cycle at 25 percent. Others claim that alternative models also refute this theory.
Commenting on Brandt's theory, Brandt said, “If we exclude the pre-halving period, we have only 3 data points, if we take into account the ratios, we actually have only 2 data points,” and added: “This is not enough data to make a meaningful statistic.”
