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When Does Peter Brandt Expect Bitcoin's Bull Market to Peak?

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by Giorgi Kostiuk

2 hours ago

This article examines expert Peter Brandt's forecast of when Bitcoin may peak, alongside an analysis of current market conditions.

Current Market Situation

Currently, Bitcoin is trading around $120,130, close to last week's peak of $122,335. The short-term trend remains strong, but the market is closely monitoring key support levels.

Support and Resistance

Key support levels are found at $102,200 and $92,876, serving as 'psychological markers' for investors. Bitcoin has been maintaining a position above $110,000 since early July, which boosts trader confidence.

Macroeconomic Factors and Predictions

Current market sentiment is heavily influenced by Bitcoin ETF fund flows, macroeconomic indicators, and liquidity conditions. A potential Federal Reserve rate cut in September may support further Bitcoin growth.

Peter Brandt's forecasts and the current market situation suggest a potentially significant September for Bitcoin, which may dictate future trends in the cryptocurrency market.

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