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Bitcoin at $59,485, Expert Says BTC Pump to End on April Fool’s Day

Published 02/29/2024, 12:00 AM
Updated 02/29/2024, 12:15 AM
© Reuters.  Bitcoin at $59,485, Expert Says BTC Pump to End on April Fool’s Day
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  • Bitcoin has reached a high of $59,485 following a 15% rally within the last 48 hours.
  • Ben Armstrong predicts that the current bull run will end in April 2025.
  • Peter Brandt contended that the culmination of this bull run might occur around August or September 2025.

While Bitcoin moves to claim a new all-time high, crypto pundits like Ben Armstrong predict when this cycle’s bull run may end. Bitcoin has reached a high of $59,485 at the time of this report, following a 15% rally within the last 48 hours.

Amid Bitcoin’s praiseworthy performance, Armstrong shared his view in a recent episode on his YouTube channel regarding when Bitcoin’s bullish rally might end.

Armstrong confidently predicted that the current bull run would culminate on April Fool’s Day of 2025. He pointed out that this cycle’s bullish phase commenced last October, placing April 2025 at around 18 months, consistent with historical patterns. As a result, Armstrong emphasized that the market barely has one year left on this bull run, and Bitcoin is about to break a new all-time high.

Meanwhile, Armstrong presented an alternative scenario suggesting that the current bull run might not …

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