Is Bitcoin's Bull Market Over?

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Bitcoin's bull market may have ended. That's according to veteran chart analyst, Peter Brandt, Brandt said that Bitcoin's recent price high of near $74,000 has already topped according to historical data. This latest projection is based on a statistical concept called exponential decay which describes the process of reducing amount by a consistent percentage rate over a period. This table shows the magnitude or gain multiple of previous Bitcoin bull runs and exponential decays. The first rally saw prices increase more than 3000 times. Subsequent bull markets have been longer in duration but smaller in magnitudes consistently suffering a roughly 80 percent exponential decay that said past data does not guarantee future results. And Bitcoin Blockchain quadrennial mining reward hs have upholstered bullish trends. The fourth reward having just took place on April 20th. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.