Experienced investor Peter Brandt, Bitcoin 
$72,507He thinks ($BTC) may have entered the most explosive phase of the market cycle after surpassing $70,000 on Tuesday.
Market Analysis
Brandt stated on social media platform
“The five-month inverse expanding triangle has been completed. Continuity will be important. “The rise may have started after the halving.”
Brandt predicts that Bitcoin’s halving may have entered the parabolic phase of the quadrennial market cycle. Halving is an event in which the block rewards miners receive are halved.
“Post-halving progress can begin. “The series of falling peaks and bottoms since March are over.”
Bitcoin Target
Brandt suggests that Bitcoin could rise over 29% from its current value to a new all-time high of $94,000. He also stated that with other models, Bitcoin’s peak could be in the six figures.
Brandt emphasized that his analysis methods are not perfect, but the tops of past bull markets fit well into an inverted parabolic curve. If this trend continues, the top of this bull market cycle could be between $130,000 and $150,000.
Bitcoin is trading at $72,000 at the time of writing and is down 1.6% in the last 24 hours. Investors are still hopeful as the price, which rose to just below the ATH level, continues to struggle to maintain $71,500 as support for now.
In conclusion, Peter Brandt’s analysis shows that Bitcoin could experience a significant rise in the near future. It may be useful for investors to be aware of this potential activity.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
