Bitcoin’s Peak Might Be Past: Market Veteran Forecasts Decline

Market strategist Peter Brandt has ignited debate about Bitcoin’s future, suggesting its peak may have already occurred. Following a recent dip below $117,500, his analysis highlights a waning of previous ambitions for Bitcoin’s price to reach $200,000. Brandt predicts a 30% chance of Bitcoin reaching this point in the current cycle. While his assessment is considered cautious speculation, it prompts investors to stay vigilant.