Renowned trader Peter Brandt has suggested that Bitcoin may have reached its peak, highlighting its performance relative to other assets. Bitcoin has gained 15.6% this year, which is significantly lower than gold's 67% rise and only slightly above the S&P 500's 14.5% increase. Despite Bitcoin's substantial rise of 8.2 times from its low, it has recently fallen below $108,000, marking a 14% decline from its October record high amid ongoing U.S.-China trade tensions.
Additionally, market predictions from Polymarket indicate a low probability of Bitcoin reaching $130,000, with only a 5% chance forecasted. This outlook reflects cautious sentiment in the market regarding Bitcoin's potential for further significant gains in the near term.
Peter Brandt Indicates Bitcoin May Have Peaked Amid Market Comparisons
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