On December 24, renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, posted a statement saying, “Bitcoin is unprecedented, and there may not be anything similar in the future. Over the past 15 years, Bitcoin has experienced five parabolic rises on a logarithmic scale, each followed by at least an 80% decline (the current cycle is not yet over).” Peter Brandt also mentioned that he is delving into the question of “when Bitcoin will bottom out,” but predicts that the next bull market peak will occur in September 2029.
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Peter Brandt: The next bull market peak for Bitcoin will be in September 2029, and its growth trajectory is unprecedented.
On December 24, renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, posted a statement saying, “Bitcoin is unprecedented, and there may not be anything similar in the future. Over the past 15 years, Bitcoin has experienced five parabolic rises on a logarithmic scale, each followed by at least an 80% decline (the current cycle is not yet over).” Peter Brandt also mentioned that he is delving into the question of “when Bitcoin will bottom out,” but predicts that the next bull market peak will occur in September 2029.