An analyst has predicted that Bitcoin BTC/USD is on track to reach new all-time highs (ATHs) soon.
What Happened: Peter Brandt is debunking pseudonymous crypto analyst Cheds prediction that Bitcoin is unlikely to hit $50,000 within 90 days.
He claims that his prediction is consistent with historical performance and past market cycles.
“In case you are wondering: BTC highly unlikely to come even close to $50,000 in the next 90 days, let alone $1 million,” Ched tweeted.
See Also: Top Indian Apps That Give Bitcoin, NFT Rewards
Brandt has a different take on Bitcoin's next halving event. He insists that it's "waaaaaaaaay overrated and a non-event." He suggests that some are "smoking too much wacky" in their excitement for the upcoming halving.
“Dangerous to have opinions that are without fact. New ATHs in April-June 2024 would be very much in line with past cycles. The amount of disinformation in crypto is amazing to me,” Brandt tweeted.
Price Action: At the time of writing, BTC was trading at $28,133, up 2.02% in the last 24 hours, according to Benzinga Pro data.
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