Peter Brandt highlights weakness of this Bitcoin cycle
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Since Bitcoin has not reached a new high in the current 2022-2025 cycle — which is already 23 weeks after the halving — it is becoming more and more likely that this cycle will break previous records for the longest period of time without a new ATH.XRP to $1, Here's How It Can Happen, Ethereum Might Lose Even More, Dogecoin Reclaims Strategic Price LevelAs it attempts to break out of the broad descending channel, it is currently trading within resistance found around the $62,000 mark.
According to Peter Brandt's analysis, the behavior of the Bitcoin market right now may be distinct, possibly indicating that a new ATH is unlikely for this cycle. This would be a major divergence from earlier cycles, in which Bitcoin has almost always risen to new heights following a halving event.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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