Legendary trader Peter Brandt believes the next six weeks could be crucial for Bitcoin. According to his analysis, a tradable top might occur within this timeframe, potentially marking the final leg of a strong rally before a correction. Brandt's view is based on Bitcoin's cycle pattern, where the halving event marks the midpoint.
*Bitcoin's Cycle Pattern*
Historically, Bitcoin's price has followed a four-year cycle centered around the halving event. This cycle typically involves:
- A surge in price after the halving
- A record high
- A decline of 70-80% from the peak
- A period of consolidation before the next halving
*Is the Cycle Breaking?*
Some experts, like Bitwise CIO Matt Hougan, believe the four-year cycle might be over due to factors like Bitcoin ETFs and positive regulatory outlook. However, to confirm this, Bitcoin needs to perform well in 2026.
*Current Market Trends*
Bitcoin has recently traded above $117,000, up 0.89% in the last 24 hours and 3.6% weekly. Despite the potential for a correction, the current trend remains strong.
*What to Expect*
The next six weeks will be crucial in determining Bitcoin's price direction. If Brandt's analysis is correct, we might see a tradable top soon, followed by a correction. However, the changing market dynamics and potential disruption of the traditional cycle pattern make it essential to stay vigilant and adapt to market trends.
