Peter Brandt: Next 6 Weeks Crucial for Bitcoin
Main Idea
Peter Brandt suggests the next six weeks could be crucial for Bitcoin's price movement, potentially marking a tradable top around the halving midpoint.
Key Points
1. Bitcoin's next six weeks might be crucial for its price surge, with the halving marking the midpoint (±1-2 weeks).
2. Peter Brandt indicates a tradable top could occur within the next six weeks based on Bitcoin's historical cycles.
3. Bitcoin recently rebounded to $117,656 after dropping to $112,000 on Aug. 2, reclaiming its July trading range.
4. Bitwise CIO Matt Hougan believes the four-year cycle might be over, but Bitcoin must perform well in 2026 to confirm this.
5. Bitcoin's latest record high was hit on July 14, followed by a 70-80% drop from the peak, leading to a period of lull.
Description
Bitcoin's next few weeks might be crucial for surge
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