Savvy trader Peter Brandt has elaborated on chances of new Bitcoin ATH in near future
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The new all-time high, if it happens, may take longer after this year’s halving, than in previous post-halving periods, the trader warns.SHIB Lead Shytoshi Kusama Breaks Silence on Shiba Inu Token BONEPeter Brandt tweeted that soon enough he expects the current bull market cycle for Bitcoin to become the longest period post halving in BTC's history for a new all-time high.
However, Brandt warns that an alternative that the data may show soon is that a “new ATH is not in the cards” at all.Commentators’ replies to that tweet were mixed. Many, in a way, agreed with the veteran trader, still expecting Bitcoin to reach an all-time high but not as soon as happened in previous post-halving cycles. Some pointed out that this year, Bitcoin reached a new historic peak before the ATH fueled by the approval of spot Bitcoin ETFs.
The new all-time high of $73,750 was reached on March 14, while the halving took place on April 20 – almost a month later. On Tuesday, Bitcoin suddenly printed a massive red candle on an hourly chart, pushing down from the $60,920 zone to the $58,760 line. By now, BTC has managed to recover the $59,330 mark.moving a staggering amount of almost $710 million worth of BTC to centralized cryptocurrency exchanges, as it continues to pay out compensations to its creditors. Last month, the platform already paid roughly $3 billion in Bitcoin and Bitcoin Cash to them via such platforms as BitGo, Kraken and Bitstamp.
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