Analyst Predicts Bitcoin Will Reach New All-Time Highs Soon: 'Would Be Very Much In Line With Past Cycles'

An analyst has predicted that Bitcoin BTC/USD is on track to reach new all-time highs (ATHs) soon.

What Happened: Peter Brandt is debunking pseudonymous crypto analyst Cheds prediction that Bitcoin is unlikely to hit $50,000 within 90 days. 

He claims that his prediction is consistent with historical performance and past market cycles.

“In case you are wondering: BTC highly unlikely to come even close to $50,000 in the next 90 days, let alone $1 million,” Ched tweeted.

See Also: Top Indian Apps That Give Bitcoin, NFT Rewards

Brandt has a different take on Bitcoin's next halving event. He insists that it's "waaaaaaaaay overrated and a non-event." He suggests that some are "smoking too much wacky" in their excitement for the upcoming halving.

“Dangerous to have opinions that are without fact. New ATHs in April-June 2024 would be very much in line with past cycles. The amount of disinformation in crypto is amazing to me,” Brandt tweeted.

Price Action: At the time of writing, BTC was trading at $28,133, up 2.02% in the last 24 hours, according to Benzinga Pro data.

Read Next: Bitcoin Holds $28K Fort, Ethereum, Dogecoin Rise: Analyst Sees 'Beautiful' Setup For Apex Crypto As Focus Turns To Fed

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