Peter Brandt: “There is a parallel between the Bitcoin cycle and the events of 2016”
The CEO of Factor compared the current market trend to the Bitcoin cycle that the first cryptocurrency made in 2016. The fall in value on August 5, 2024, corresponds, according to the businessman, to a similar fall eight years ago, after which bullish growth began. Peter Brandt analyzed several market indicators, including the level at which trading closed a week after Bitcoin’s halving. He then turned his attention to the post-halving drawdown and support levels…
