Bitcoin Nearing “Grand Final,” Top Trader Says
u.today 11 September 2024 08:52, UTC According to pseudonymous trader HornHairs, Bitcoin, the leading cryptocurrency by market cap, is approaching its “grand finale.”
The popular chartist has remarked that “summer doldrums” seem to be coming to a close.
Moreover, it has been 650 days since the bear market lows and several months after the most recent quadrennial halving event, which took place in April.
The trader has also added that this is the very first cycle when new all-time highs (ATHs) were pierced before the halving event.
More $BTC context:
-First cycle we’ve pierced new ATHs before the halving
-We ripped for 6 months straight with barely a pullback, leaving a massive inefficient price zone that we’ve spent the last 6 months filling
-Retested ETF launch high while sweeping months of lows https://t.co/5a9Rk9t72r pic.twitter.com/b6dLewGYpa— HornHairs (@CryptoHornHairs) September 10, 2024
Bitcoin is currently changing hands at $56,645 after giving up some earlier gains, according to CoinGecko.
Legendary trader Peter Brandt recently predicted that the largest cryptocurrency could possibly surge all the way to $150,000 in late 2025.
