{"id":31615,"date":"2024-10-29T20:30:19","date_gmt":"2024-10-29T17:30:19","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31615"},"modified":"2024-10-29T19:05:43","modified_gmt":"2024-10-29T16:05:43","slug":"famous-analyst-bitcoin-halving-rally-may-have-started","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/famous-analyst-bitcoin-halving-rally-may-have-started\/","title":{"rendered":"Famous Analyst: Bitcoin Halving Rally May Have Started"},"content":{"rendered":"

Peter Brandt<\/strong> stated that the period of “lower highs and lower lows,” which has been ongoing since March, may have come to an end.<\/p>\n

Renowned analyst Peter Brandt<\/strong>, known for his accurate predictions about Bitcoin<\/strong><\/a>, suggested that a price rally may have begun following the anticipated halving<\/strong>. Brandt<\/strong> noted that Bitcoin<\/strong><\/a> has completed a reverse expanding triangle formation over the past five months and emphasized the importance of continuity during this process.<\/p>\n

The analyst commented, “The rally may have started post-halving<\/strong>. The series of ‘lower highs and lower lows’ that has persisted since March has ended.” In a statement made the previous week, Brandt<\/strong> described Bitcoin<\/strong><\/a> as being in a historic breakout phase, referring to it as “the most anticipated and hoped-for breakout in history.”<\/p>\n

Peter Brandt<\/strong> also expressed his expectation that Bitcoin<\/strong><\/a> could reach as high as $135,000 by August or September 2025. These remarks have generated excitement among cryptocurrency investors and are believed to potentially influence market fluctuations.<\/p>\n

The predictions regarding Bitcoin<\/strong><\/a>‘s future serve as a significant reference point for investors, and Brandt<\/strong>‘s analysis is closely monitored within the cryptocurrency space.<\/p>\n

\"halving\"<\/p>\n

Bitcoin Rises: Trump\u2019s Election Odds and Spot ETF Investments<\/h2>\n

Bitcoin<\/strong><\/a> continues to trade above $71,000, and this increase is being attributed to the rising likelihood of former U.S. President Donald Trump<\/strong>\u2019s election. Trump<\/strong> had previously promised to make the U.S. a Bitcoin<\/strong><\/a> superpower in his statements. This situation has heightened investor interest in Bitcoin<\/strong><\/a> and created movement in the markets.<\/p>\n

Additionally, Bitcoin<\/strong><\/a> spot ETFs recorded one of the largest investment inflows in recent days. As of yesterday, a total of $472 million was invested in ETFs, with $308 million coming solely from BlackRock<\/strong>. This investment from BlackRock<\/strong>, combined with the positive market atmosphere, has led to a significant increase in Bitcoin<\/strong><\/a>‘s price.<\/p>\n

Investors are turning to Bitcoin<\/strong><\/a> and other crypto assets, taking into account the possibility of Trump<\/strong>\u2019s reelection, while the large inflows into ETFs further support this trend. Experts suggest that this situation could have a positive impact on Bitcoin<\/strong><\/a>‘s future.<\/p>\n

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Peter Brandt stated that the period of “lower highs and lower lows,” which has been ongoing since March, may have come to an end. Renowned analyst Peter Brandt, known for his accurate predictions about Bitcoin, suggested that a price rally may have begun following the anticipated halving. Brandt noted that Bitcoin has completed a reverse<\/p>\n","protected":false},"author":28,"featured_media":31617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[4293,61,9169,60,1730,3258,6223,3310],"class_list":["post-31615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-analyst","tag-bitcoin","tag-brandt","tag-btc","tag-donald-trump","tag-halving","tag-peter-brandt","tag-trump"],"yoast_head":"\nFamous Analyst: Bitcoin Halving Rally May Have Started - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/famous-analyst-bitcoin-halving-rally-may-have-started\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Famous Analyst: Bitcoin Halving Rally May Have Started - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Peter Brandt stated that the period of “lower highs and lower lows,” which has been ongoing since March, may have come to an end. Renowned analyst Peter Brandt, known for his accurate predictions about Bitcoin, suggested that a price rally may have begun following the anticipated halving. 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