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Reading: 40-Year-Old Analyst Announced! Ethereum and This Altcoin Are Ready to Join Bitcoin’s Rally!
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EdaFace Newsfeed > Latest News > Altcoin News > 40-Year-Old Analyst Announced! Ethereum and This Altcoin Are Ready to Join Bitcoin’s Rally!
Altcoin News

40-Year-Old Analyst Announced! Ethereum and This Altcoin Are Ready to Join Bitcoin’s Rally!

vitalclick
Last updated: November 8, 2024 6:17 pm
5 months ago
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Contents
The Role of the Halving CycleOpinions on Ethereum and SolanaMarket Indicators

Famous trader Peter Brandt, Bitcoin $76,133Reaching a new peak, he renewed his confidence in the crypto market. In a statement to his 746,100 followers on social media platform X, Brandt stated that Bitcoin’s bull market is at a critical point in its halving cycle.

The Role of the Halving Cycle

According to Brandt, Bitcoin could surge between 73% and 100% from its current level over the next two years, reaching its cycle top in August or September of 2025. Based on chart analysis, Brandt suggested that the time it takes for Bitcoin to peak after the halving could be similar to past cycles.

Opinions on Ethereum and Solana

Brandt, Ethereum $2,916 and expressed that Solana is also ready to participate in the rise of Bitcoin. He stated that Solana broke towards new highs and Ethereum approached the upper resistance levels. “I prefer new heights and I highlight Solana,” Brandt said, sharing his positive expectations for Solana.

Market Indicators

When Brandt’s weekly charts are examined, it is seen that Solana is 10% below the 28-month peak it reached in March, while Ethereum is 45% behind the peak in the same period. During this period, Bitcoin is traded at $ 75,004.

Stating that Ethereum is traded at $2,805 and Solana is traded at $187, Brandt drew a positive outlook on other major cryptocurrencies other than Bitcoin.

The effects of the halving cycle in the crypto market and the developments expected in the coming months may offer attractive opportunities for investors. Brandt’s analysis gives clues about the future market activity based on historical data.

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.

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