.PeterLBrandt believes that Bitcoin could see another major rally within the next three years
, Brandt recently forecasted that another Bitcoin “rocket stage” may be ignited in 2024 based on how previous market cycles have played out.
Bitcoin has been under pressure over the past few weeks, plunging below the $40,000 level for the first time since mid-March on Monday. Meanwhile, the correlation between the tech-focused Nasdaq 100 and Bitcoin recently reached yet another record high. Stunned by an increasingly hawkish Fed, traders are rushing to exit risky assets. The U.S. dollar index recently spiked above 100 before paring some gains. Bitcoin’s dominance slipped to 41%, which shows that altcoins are outperforming the top cryptocurrency.
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