Peter Brandt, a technical analyst, believes the #bitcoin bull market might have peaked in March at $73,800.
He bases this on the concept of "exponential decay," where growth slows down over time.
Historically, Bitcoin has followed a roughly four-year cycle, often tied to halvings (reduction in new coin creation). Since the first bull run, each subsequent one has seen about 80% less price growth, according to Brandt.
If this pattern holds true, the March 2024 peak of $73,800 could be the highest point, with a 25% chance of this being the case