Bitcoin (BTC) and to the cryptocurrency market Analyst who made a name for himself with his predictions about Peter Brandtshared his new predictions about Bitcoin.
The next one that will raise 10x or more on his Twitter account bitcoin He claimed that the bull market will occur in 2024.
Veteran analyst Brandt added the price chart of Bitcoin to his share and said:
“It takes an average of 33 months for BTC to start another bull phase after the previous bull markets experienced in Bitcoin have ended.
If history repeats itself, which I don’t believe will happen, the next bull phase will fire in May 2024.”
Pointing out that the price of Bitcoin is very volatile and unpredictable, Brandt said that despite this situation. of BTC He emphasized that he expects the price increases and decreases in previous years to be experienced again.
the past two times $BTC advanced 10X or more required an average of 33 months before the next stage of the rocket kicked in
If history repeats itself (which I do not believe it will), the next rocket stage will be ignited in May 2024
What do you all think? pic.twitter.com/ONyWQW5Uf8
— Peter Brandt (@PeterLBrandt) April 6, 2022
Long-term in early March bitcoin Brandt criticized his investors, “Bitcoin has a history of 80 percent declines, 4 times in the past 11 years. A Holder (the investor who holds BTC without selling it) needs a 400% rise each time to return to ATH.” he said.
In this context, the famous analyst stated that he hated trying to earn the same money “over and over” and that he thought it was pointless.
*Not investment advice.