COINOTAG News, December 24 — A veteran trader and chart analyst, Peter Brandt, known for forecasting the 2018 Bitcoin crash, issued a note highlighting that Bitcoin remains an unprecedented asset class and that historical patterns may not fully repeat. Over about 15 years, Bitcoin has recorded five parabolic advances on a logarithmic scale, each followed by sharp corrections near 80%, with the current cycle still unfolding amid shifting macro factors.
In the same update, Brandt notes he is studying the timing of a bottom while cautioning that market bottoms are inherently uncertain. He also presents a long-range outlook suggesting that the next bull market peak could emerge in September 2029, a view rooted in historical cycle dynamics rather than a guaranteed outcome.
Source: https://en.coinotag.com/breakingnews/bitcoin-set-for-september-2029-bull-market-peak-peter-brandt-predicts-after-five-parabolic-cycles-and-80-declines
