Bitcoin (BTC) is taking longer than ever to make a new all-time high after its latest halving, popular trader Peter Brandt warns. In his latest analysis, Brandt revealed that Bitcoin's previous record high from 2021 still stands on an inflation-adjusted basis.

Brandt notes that BTC price action has disappointed bulls and frustrated new investors since its last US dollar all-time high in mid-March. Not only has the market failed to match that $73,800 level since, but a record length of time has elapsed without a return to price discovery since the latest block subsidy halving event in April.

Brandt explains that he measures cycles differently than most, referencing the nuances between BTC price cycles between macro highs and lows and halvings. He concludes that "Bitcoin is simply too slow to preserve historical norms this time around," citing a lack of "energy" in the market.

Source: https://cointelegraph.com/news/bitcoin-still-10-down-post-halving-record-delay-all-time-high

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