💥💥The famous trader gave a date for the new peak in Bitcoin! Is there a buying opportunity? 💥💥

Famous commodity trader Peter Brandt predicted in his latest statement that Bitcoin will reach a new peak in August 2025. Brandt also claimed it was a short-term buy signal.

"The formation in Bitcoin is something I call 'Friday foot strike'. This is a short-term buy signal," Brandt said in a statement on his social media account. With his statement, Brandt emphasized that the largest correction seen during the bull market that started in December 2022 and is still ongoing is currently happening.

Last Friday, Bitcoin was hit by the massive Mt. Gox refunds and significant government purges, dropping to $53,917. This decline led to a 27 percent decline in the BTC price from peak to trough. It was recorded as a much larger decrease than the 21.9 percent correction experienced in the third quarter of 2023.

Blockstream co-founder Adam Back dismissed the permanence of Bitcoin's recent price decline, recalling that similar large price corrections have occurred in previous bull markets. In his previous statements, Brandt stated that the price of Bitcoin could rise up to $ 150,000 during this cycle. However, Brandt believes this target will be achieved in 2025, and based on previous bull cycles, he predicts the market will peak in August 2025.

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