Bitcoin's 4-year parabola curve has broken, indicating potential bearish conditions, according to AMBCrypto. Market analyst Peter Brandt highlighted that Bitcoin's price is decreasing in line with historical trends. Brandt forecasts that if Bitcoin falls to $50,000, the next bull cycle could see prices soar to $200,000 to $250,000. Currently, Bitcoin's market dominance is at 58%, with its price around $86,000.
In related developments, a miner's wallet moved 50 BTC, valued at $4.33 million, suggesting possible capitulation. Additionally, social media activity surrounding Bitcoin and related projects has seen an uptick, reflecting heightened community interest.
Bitcoin's 4-Year Parabola Breaks, Peter Brandt Predicts $250K Potential
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
