Peter Brandt, renowned tech analyst and head of Factor LLC, predicted that Bitcoin will return to the bull market in May 2024.

the past two times $BTC Advanced 10X or more averaged 33 months were required before the next stage of the rocket could launch

If history repeats itself (which I don’t believe will happen), the next rocket stage will fire in May 2024.

What do you all think? pic.twitter.com/ONyWQW5Uf8

— Peter Brandt (@PeterLBrandt) April 6, 2022

The expert calculated that in the past it took an average of 33 months to start a new phase after the active growth phase ended. He was skeptical that history tended to repeat itself. [один из постулатов технического анализа].

Bitcoin hit an all-time high of $69,000 in November 2021. Then, the cryptocurrency market entered a bearish phase in anticipation of the Fed’s policy tightening.

Brandt previously stated that he gave an accurate estimate of the price of digital gold in mid-2021. In a chart compiled by BitcoinEconomics represented In chronological order of the expectations of many experts, starting from 2013. Green indicates those implemented before 2020.

Maybe I was ALWAYS wrong as my trolls suggest $BTC https://t.co/4ASv51hD5K pic.twitter.com/NCg8ycEQbe

— Peter Brandt (@PeterLBrandt) April 6, 2022

Recall that Mike Novogratz, founder of Galaxy Digital, warned that Bitcoin would “rise again” as soon as the Fed stopped tightening monetary policy.

According to the expected trajectory program of the key rate, the Fed could increase the cost of financing in the economy during 2022-2023.

Previously, Huobi’s co-founder predicted a bear market for bitcoin by the end of 2024.