Veteran trader Peter Brandt shared insights on Bitcoin cycles based on historical patterns, indicating possible market peaks in the coming years.
Bitcoin Cycles and Their Predictions
Recently, Peter Brandt presented a Bitcoin cycle chart that outlines the likely scenarios for the next market peak. The chart compares all four significant Bitcoin cycles since 2011, detailing the time frames between bear market lows and peaks as well as between halving events and peaks. Previous cycles reached their peaks 24, 28, and 33 months after their lows, while the current cycle is now at 29 months since its 2022 low.
Historical Price Trends
Brandt noted that the current trend could indicate a probable maximum range of $150,000 to $180,000. However, historical cycles suggest the possibility of prices approaching $250,000-$280,000. He emphasized a consistent decline in percentage gains with each cycle, indicating that current trends might be less significant compared to earlier rallies.
Potential Price Ranges
In conclusion, Brandt highlighted that although expected percentage returns may be smaller than in the past, the rally pattern remains consistent. If Bitcoin aligns with historical precedents, a new all-time high could occur within the next 12 to 15 months. Brandt's analysis reinforces the expectation that Bitcoin may peak by late 2025.
Peter Brandt's insights into Bitcoin cycles suggest that despite potentially smaller gains, the market may display familiar fluctuations, drawing investor interest.
