๐๐ Is the bull run coming to an end? ๐ Legendary trader Peter Brandt has sounded the alarm, warning of a potential impending collapse in the world of Bitcoin! ๐ฅ๐ In his latest analysis, Brandt dives deep into the concept of exponential decay, tracing the historical patterns of Bitcoin's bull market cycles. ๐๐ From the highs of previous cycles to the current surge, Brandt paints a sobering picture of diminishing momentum, with each cycle losing about 80% of its exponential advance. ๐๐ฌ Applying this trend to the current cycle, Brandt predicts a potential peak already reached around $72,723. ๐๐ฐ While he acknowledges the impact of halving events, Brandt emphasizes the stark reality of exponential decay, suggesting a 25% chance that BTC may have hit its peak for this cycle. ๐โ In the event of a market top, he speculates on potential retracements, envisioning a decline to the $30,000 range or even revisiting lows from 2021. ๐๐ผ Despite the bearish outlook, Brandt sees a silver lining, viewing such a correction as potentially bullish in the long term, drawing parallels to chart patterns observed in the gold market. ๐๐๐ฐ As Brandt concludes his analysis, he humbly acknowledges the weight of the data, recognizing that while he may not want to believe it, the numbers speak for themselves. ๐๐ฌ๐ Brace yourselves for potential turbulence ahead as the Bitcoin saga continues to unfold! ๐๐ #BullRun#BitcoinCrash
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