Bitcoin is on the verge of reaching new price levels, according to trader Peter Brandt. He predicts a bull market high soon based on historical cycles. Sunday marked a crucial day in Bitcoin’s cycle, falling one day before setting a new all-time high of $126,100. Bitcoin is currently trading at $122,070, up 9.74% over the past 30 days.

While debate continues over Bitcoin’s four-year cycle relevance, some believe the market will peak soon. Analysts predict significant gains by year-end, with some expecting Bitcoin to reach $250,000 by 2025. Gemini’s Saad Ahmed attributes market patterns to people’s excitement and overextension, leading to corrections. Analysts remain bullish on Bitcoin’s future performance.

Read more at CoinTelegraph: Bitcoin Top Or ‘Dramatic’ Move Is Coming Soon: Peter Brandt