In accordance with AMBCrypto, Bitcoin’s 4-year parabola curve has broken, signaling potential bearish conditions. Peter Brandt, author of Market Wizard, noted that Bitcoin’s price has been decreasing proportionally to its current value, aligning with historical trends. He suggested that if Bitcoin drops to $50,000, the next bull cycle could reach $200,000 to $250,000. The cryptocurrency’s market dominance stood at 58% during the ongoing bear phase, with its price near $86,000 at press time. A miner’s wallet recently moved 50 BTC, valued at $4.33 million, adding to capitulation signals. Meanwhile, social media discussions around Bitcoin and related projects have increased.
Bitcoin's 4-Year Curve Breaks, Peter Brandt Forecasts $250K Cycle Potential
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