đ BTC's decline since April 2024 halving is mirroring the 2016 bull run, says veteran trader Peter Brandt.
đ Brandt compared the post-halving decline, drawing parallels to the 2015-2017 market cycle.
đ 2016: BTC halved on July 9, priced at $650, fell 27% to $474 before peaking at $20,000 in December 2017.
đ Current: BTC down 26% from $64,962 to below $50,000.
â ïž Some analysts warn BTC could fall further.
đ 8/5: BTC plummeted to $49,221, down 20% from $70,000 in late July, but recovered to $56,000 by 8/6.
đ ITC Crypto founder Benjamin Cowen said the pattern is similar to 2019: up in the first half of the year, down in the second half.
đ Tim Kravchunovsky, CEO of Chirp, predicts that crypto could recover faster than other risk assets, as seen in 2020.
đŹ What do you think about the future of BTC? Share your thoughts! đ
#Bitcoin#Crypto#Blockchain#BTC#Finance#MarketTrends
