Bitcoin Market Cycle Analysis by Peter Brandt

Experienced trader Peter Brandt has analyzed the current Bitcoin market cycle, identifying a significant feature that sets it apart from previous cycles.

Key Observations

Brandt asserts that the ongoing Bitcoin bull market cycle might become the longest post-halving period in cryptocurrency history without achieving a new all-time high (ATH).

Historically, Bitcoin reached new cycle highs swiftly after halving events:
– 2011-2013 cycle: New high achieved in 8 weeks.
– 2015-2017 cycle: New high achieved in 24 weeks.
– 2018-2021 cycle: New high achieved in 25 weeks.

In contrast, the current cycle (2022-2025) is already 23 weeks post-halving without a new high, suggesting it may exceed previous cycles’ records for duration without reaching an ATH.

Currently, Bitcoin trades around $62,000 while facing resistance. To hit a new ATH, it must overcome a major hurdle at $73,804. However, with existing resistance levels and a lack of buying support, a new ATH appears uncertain.

Brandt’s analysis suggests that this cycle may diverge from past patterns, indicating that a new ATH is unlikely this time. This represents a significant departure from the historical trend of Bitcoin rising post-halving.

This article was originally published on U.Today.