Peter Brandt: Bitcoin price may have peaked and could fall back to $30,000

Veteran trader Peter Brandt recently wrote that Bitcoin prices may have peaked in the current bull cycle when they hit a new high of $73,835, and expects them to fall back to around $30,000 or even the lows of 2021. Peter attributes this expected pullback to a phenomenon known as exponential decay, which he believes will affect the recent highs in Bitcoin prices. Peter believes that such a drop may be the "most beneficial thing" in the long run. (Bitcoin.com)