Bitcoin is on the brink of a significant price movement as long as it doesn’t peak in the near term, asserts seasoned trader Peter Brandt.

“It is reasonable to expect a bull market high any day now” — Peter Brandt.

Brandt discussed historical price cycles of Bitcoin, stating that such patterns have typically been observed in past cycles.

Noteworthy Cycle Updates

Brandt noted that the last cycle low for Bitcoin occurred on November 9, 2022, which is 533 days prior to the upcoming halving on April 20, 2024. He suggested marking this week for crucial developments: “Add 533 days to April 20, 2024, and bingo, it is this week.”

Bitcoin trading news Bitcoin is currently valued at $122,070 upon publication, reflecting a 9.74% increase over the past month.

Despite anticipating a bull market, Brandt acknowledged the unpredictability of trends, stating, “Trends that violate the prevailing cyclic or seasonal nature of markets are typically the most dramatic.”

Concerning the future, Brandt maintains a balanced outlook, expressing hope for Bitcoin to exceed $150,000, with expectations potentially rising to $185,000.

Clashing Views on Bitcoin’s Cycles

The ongoing discussion surrounding Bitcoin’s four-year cycle remains lively, particularly as institutional investments increase. Analysts have differing opinions on whether historical patterns will persist amid changing market dynamics.

Several experts predict Bitcoin will see considerable gains as the year concludes. For instance, economist Timothy Peterson indicated a 50% probability of Bitcoin surpassing $140,000 by the end of October, referencing a decade’s worth of data.

Notably, insights from crypto heads hint at Bitcoin achieving $250,000 by the end of 2025. Market figures continue to keep an eye on these trends as developments unfold.