Prominent trader Peter Brandt said in a recent blog post that Bitcoin may have peaked at a new all-time high of $73,835. And expect Bitcoin to fall back to the mid-range $30,000 or even the 2021 lows.
Peter attributes the expected pullback to a phenomenon known as exponential decay, which he believes will affect crypto assets that recently hit a new all-time high of $73,835. In the long run, such a decline could be "the best thing".
Peter Brandt: Bitcoin may have peaked, could fall back to $30,000
2024-04-29 05:32:23
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