Veteran Analyst Peter Brandt Predicts Bitcoin Price to Reach $150K by September 2025

2024-06-02 23:28:13

Hongji Feng

Last updated:

June 3, 2024 03:28 EDT | 1 min read

Bitcoin Veteran trader Peter Brandt predicts Bitcoin’s next bull market peak could reach $150,000 by late August or early September 2025.

According to an analysis published on the Brandt’s website, the Bitcoin halving events, where the mining rewards are halved from the previous cycle, have shown a remarkable pattern of almost perfect symmetry within past bull market cycles.

Bitcoin to Reach $150,000 With Identical Halving Cycle

Specifically, the analysis stated that the number of weeks from the start of each bull market cycle (marked by a low following a decline of over 75%) to the halving dates is nearly equal to the number of weeks from the halving dates to the subsequent bull market highs.

“If this sequence continues, the next bull market cycle high should occur in late Aug/early Sep 2025,” said Brandt.

The veteran analyst also suggested that while no prediction method is entirely foolproof, past bull market highs have aligned closely with an inverted parabolic curve.

If this trend holds, the peak of the current bull market cycle could see Bitcoin reaching a price range of $130,000 to $150,000. He attached a chart that indicated the probable high date and price level.

Bitcoin Price Cycles (Source: Peter Brandt)Brandt emphasized that he remains flexible in his analysis and does not hold rigidly to any single idea.

He noted that while the presented view is the preferred analysis, it is not the only interpretation. The analyst also mentioned that he assigns a 25% probability to the possibility that Bitcoin’s price has already peaked for this cycle.

Tether Co-Founder Predicts New ATH

In an interview with Cryptonews.com before the halving in April, Tether co-founder William Quigley forecasted the potential all-time high for Bitcoin to appear by the end of 2025, too.

Quigley took historical statistics of the previous post-halving rally cycles into consideration, stating that it would take about 500 days to 18 months for Bitcoin to break the historical record, which would be October 2025 for this fourth event.

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