2024-06-03 11:16:39

#Celebrate GateioInto11 & Win Grand Prizes Bitcoin began the week at $67,600, buoyed by positive market signals. According to cryptocurrency trader Peter Brandt, Bitcoin could peak between $130,000 and $150,000 from late August to early September if it follows the trajectory of previous post-halving bull markets.

In his June 2 report, Brandt explained that the recent Bitcoin halving on April 20, an event occurring approximately every four years that halves mining rewards, has historically marked almost perfectly symmetrical bullish cycles. He noted that historically, Bitcoin halvings have occurred around the midpoint between the onset of a bull market and its peak.

BTC3.58%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

4 Likes