Peter Brandts sees Bitcoin cycles differently
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Surprisingly, after accounting for inflation, the peak from the last bull cycle remains stable. From Brandt's analysis, three key conclusions can be drawn. First, there is a discernible pattern of lower highs and lower lows for Bitcoin. This downward trend implies that the energy required to pushSatoshi Tells NBA Legend Pippen That Bitcoin Is Going to $84K...in His DreamI measure cycles different than most. My cycle starts at prev. bear market low .
At the absolute least, a protracted period of consolidation may be indicated by the continuous sequence of lower highs and lower lows. Although some people may still be bullish about Bitcoin's long-term prospects, Brandt's analysis serves as a sobering reminder that there may not be many more highs to come.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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