Experienced trader and analyst Peter Brandt pointed to the peak for Bitcoin (BTC).
Peter Brandt included Bitcoin analysis in a social media post he made on April 19. Analyst, who benefited from the end of 2023 and the beginning of 2024 data, indicated that the next period could be filled with rising movements if the pattern continues.
In a graph presented by Brandt, he used a repeated model based on three stages of market behavior in Bitcoin’s activities. Although the hump-slump and bump-rump phases of the current cycle, as indicated in the graph presented by Brandt, have been completed, he mentioned that the future rise part (pump) has not yet occurred with the completion of the fall part (dump).
Although his post suggests a new peak for Bitcoin following the halving, the experienced analyst, avoiding making a clear statement for rise or fall, preferred to direct the question “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 dollars at the time of writing.
