Bitcoin's Recent Decline Mirrors 2016 Bull Run Start, Says Peter Brandt

Explore how Bitcoin's current decline echoes the start of the 2016 bull run, according to veteran trader Peter Brandt.

Veteran trader Peter Brandt suggests that Bitcoin's recent decline post-2024 halving resembles movements before the 2017 bull run, highlighting parallels with the 2016 cycle.

Key Points:

•Comparison to 2016 Cycle: Brandt notes similarities in market corrections post-halving…..
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Bitcoin May Surge to $150K in "Batshit Season" Despite Short-Term Selling Pressure

Bitcoin could reach $150,000 by year-end, entering a “batshit season,” but short-term selling may slow the rally. Analysts urge caution amid mixed market signals.

Bitcoin is poised for a significant rally, with one analyst predicting it could hit $150,000 by the end of the year in what is being dubbed “batshit season.” However, while the potential for massive gains is on the horizon, other indicators suggest that short-term selling pressure could temper the rally.
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#Crypto #mews #NEWS #decentralized #memecoins #BITCOIN #Bullrun2024