Bitcoin top $70K or $210K? Analysts, price models clash over BTC cycle peak
Veteran trader Peter Brandt sparked debate after suggesting BTC may have already hit its peak this cycle, but even he didn’t put much stock in the theory.
There’s a very slight chance that Bitcoin has already reached its peak this cycle at the $70,000 mark, according to the “exponential decay” pattern floated by veteran trader Peter Brandt.
Of course, many other price models and predictors suggest Bitcoin (BTC) is still far from its cycle peak and could instead top out at the $210,000 mark before the end of the bull run.
On April 27, veteran trader and analyst Peter Brandt posted a theory suggesting that Bitcoin’s bull market cycles have exhibited an “exponential decay” pattern.
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Author: Martin Young
