Bitcoin Nearing “Grand Final,” Top Trader Says
According to pseudonymous trader HornHairs, Bitcoin, the leading cryptocurrency by market cap, is approaching its "grand finale."
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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.
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The trader has also added that this is the very first cycle when new all-time highs (ATHs) were pierced before the halving event.
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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.