Renowned tech analyst and head of Factor LLC Peter Brandt predicted that Bitcoin would return to a bull market in May 2024.
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
In the past, it took an average of 33 months after the end of the active growth stage to start a new one, the specialist calculated. He doubted that history tends to repeat itself. [один из постулатов технического анализа].
Bitcoin set all-time high at $69,000 in November 2021. Subsequently, in anticipation of the tightening of the Fed’s policy, the cryptocurrency market entered the bearish stage.
Previously, Brandt noted that he gave an accurate forecast regarding the price of digital gold in mid-2021. On a chart compiled by BitcoinEconomics represented in chronological order of expectations of many experts, starting in 2013. Green indicates those that were implemented before 2020.
Maybe I am not ALWAYS wrong as my trolls suggest $ BTC https://t.co/4ASv51hD5K pic.twitter.com/NCg8ycEQbe
— Peter Brandt (@PeterLBrandt) April 6, 2022
Recall, Galaxy Digital founder Mike Novogratz warnedthat bitcoin will “take off again” as soon as the Fed takes a break in tightening monetary policy.
According to a graph of the expected trajectory of the key ratethe Fed may raise the cost of funding in the economy during 2022-2023.
Former co-founder of Huobi predicted bitcoin bear market until the end of 2024.
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