Renowned trader Peter Brandt recently suggested that Bitcoin may have reached its peak when it hit a new all-time high of $73,835. He predicts that Bitcoin could drop to a moderate level of $30,000 or even the lows of 2021.
Brandt attributes this expected pullback to a phenomenon called exponential decay, which he believes will affect the cryptocurrency that recently reached the new all-time high. In the long run, such a decline could be “the best thing.”
Source: https://news.bitcoin.com/veteran-trader-peter-brandt-suggests-btc-may-have-top…
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Original Article: https://www.bitpush.news/articles/6651988