Bitcoin analysts and price models are divided over the peak of Bitcoin’s current cycle. Veteran trader Peter Brandt suggests that Bitcoin may have already reached its peak at $70,000 based on an “exponential decay” pattern observed in previous market cycles.
However, Brandt himself is not fully convinced of this theory and assigns a 25% probability to it. On the other hand, Giovanni Santostasi, CEO and director of research at Quantonomy, presents a different theory based on long-term power law behavior.
According to Santostasi’s analysis, the peak of the current cycle could reach around $210,000 by December 2025. Other analysts and experts have also made their predictions, with estimates ranging from $120,000 to $180,000 for the cycle top.
Fidelity Digital Assets has revised its medium-term outlook for Bitcoin, stating that it is no longer considered cheap. Currently, Bitcoin is trading at $62,528, down 15% from its all-time high in mid-March.
Source: Cointelegraph
