Brandt’s analysis highlighted four significant bull cycles in Bitcoin’s history, with the current surge marking the fifth. He noted a trend wherein each successive cycle has witnessed a diminishing exponential advance, indicating a significant loss of momentum from previous cycles.
Projecting a potential peak of around $72,723 for the current cycle, a figure already attained in recent trading, Brandt emphasized the possibility that Bitcoin may have already reached its peak.
The duality of Brandt’s predictions has stirred controversy within the crypto community, with some investors eagerly embracing an optimistic outlook while others remain cautious, considering the potential impact of Exponential Decay.
As debates ensue, the question of which scenario is more probable looms large, challenging investors to assess the risks and rewards of their positions on an unpredictable cryptocurrency market.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
