Peter Brandt stated that Bitcoin has historically traded on a roughly four-year cycle, often associated with halvings. After the first halving bullrun, there were three subsequent ones, and each one turned out to be 80% less powerful than its predecessor. According to the analyst’s estimates, the Bitcoin price record of $73,800, set on March 14, 2024, will not be broken until the second half of 2025.
“Bitcoin's bull cycle is likely over. The pre-/post-halving trend suggests that the current bull cycle will top out in late summer/early fall 2025 with prices in the $140,000-$160,000 range.”
The head of Factor believes that one halving is not enough to continue to grow the value of the cryptocurrency. Other factors are also needed that can ensure the upward dynamics of the BTC rate.
Earlier, Peter Brandt called Bitcoin a new standard for storing values, capable of replacing paper currencies, as well as government bonds of the United States and other countries.
Source: Bits
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