Experienced trader and analyst Peter Brandt pointed out the peak for Bitcoin (BTC).
Peter Brandt included Bitcoin analysis in his social media post on April 19. The analyst, who benefited from data from the end of 2023 and the beginning of 2024, indicated that, if the pattern continues, the upcoming period could be full of rising movements.
Brandt used a repeated model in which Bitcoin behaves in the market according to three stages in the chart he presented. While the hump-slump and bump-rump stages of the current cycle were completed in the chart presented by Brandt, it was mentioned that the upcoming pump (rise) stage has not yet occurred with the completion of the observed dump (fall) phase.
Although his post points to a new peak for Bitcoin after the halving, the experienced analyst avoided making a clear statement about the rise or fall and preferred to ask “What do you think?”
According to CoinGecko data, Bitcoin, which has shown a 3.6% increase in the last 24 hours, is trading at $64,690 at the time of writing.
