Parabolic Rally Prediction for Bitcoin Price from the Legendary Trader! 150,000
Famous trader Peter Brandt attracted attention with his post suggesting that the Bitcoin price could reach $150,000 during the current bull cycle.
Peter Brandt noted that the peaks of Bitcoin's previous two cycles align well with an inverted parabolic curve. If this trend continues, it is quite possible that the leading cryptocurrency will reach its stated price target.
However, Brandt emphasized that the analysis method is not "infallible" and warned that traders should be careful. He also noted that there is a 25% chance that the peak of the current cycle has already been reached. “If Bitcoin doesn't make a significant new ATH and falls below $55,000, I would raise the possibility of an Exponential Decay,” Brandt added.
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