 ▲ Bitcoin crash ©Coin Leaders |
While Bitcoin (BTC) is struggling to recover $70,000, famous American trader Peter Brandt analyzed that “Bitcoin has already passed the peak of the cycle and could fall to $48,000.” .
According to The Crypto Basic, Brandt said through ), and the increase rate from 2018 to 2021 was 82% lower than the previous cycle (2015 to 2017),” he said. “If this trend continues, the current cycle may have already peaked at $73,777 and is on the way down.” .
He then predicted, “If BTC falls below $65,000, it may fall to $60,000, and if it falls below that, it may fall to $48,000.”
In contrast, Mike Novogratz, CEO of Galaxy Digital, predicted that Bitcoin will reach $100,000 in 2024. Robert Kiyosaki, a financial critic and author of 'Rich Dad, Poor Dad', also expressed this opinion.
Additionally, Richard Teng, CEO of Standard Chartered and Binance, suggested targets of $150,000 and $80,000.
Brandt previously predicted that the price of Bitcoin would reach $234,000, or 100 ounces of gold.
As of 5:23 p.m. on the 14th (Korean time), the price of BTC, the No. 1 cryptocurrency by market cap based on CoinMarketCap, was $67,143, down 5.59% over the past week.
