Veteran trader Peter Brandt said that bitcoin's bull market is similar to past cycles after halving, and if it continues, the price of bitcoin could reach $130,000 by the end of next year.
According to Brandt's analysis, the last Bitcoin bull market started about 16 months before the halving on May 11, 2020, and the cycle ended about 18 months after the halving. The two previous halving, July 9, 2016, and November 28, 2012, followed a similar pattern.
Peter Brandt: Bitcoin could reach $130,000 by the end of next year
2024-06-03 00:35:56
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
