Chart veteran Peter Brandt predicts Bitcoin may exceed $150k by Q3 2025.
Bitcoin’s all-time high for the current bull cycle could potentially occur in 2025, according to well-known analyst Peter Brandt. Drawing on data from previous bull markets, Brandt suggests that Bitcoin’s maximum point in this cycle is more likely to be reached in 2025 rather than 2024. His analysis is based on the concept of halvings, where mining rewards are reduced by 50% every four years. Brandt points out that these halvings have historically shown a symmetrical pattern within bull market cycles. If this pattern continues, Bitcoin could reach its next peak between late August and early September 2025.
In terms of price movements, Brandt highlights that previous bull market peaks have followed an inverted parabolic curve. If this trend persists, Bitcoin could potentially reach a high of $130,000 to $150,000 in the next bull cycle. However, Brandt remains cautious and avoids being dogmatic about any idea as a trader. While he considers this projection as his preferred analysis, he assigns a 25% probability that Bitcoin may have already peaked for this cycle when it reached a new all-time high in March, surpassing the $70,000 mark.
Brandt notes that if Bitcoin fails to achieve a decisive new high and drops below $55,000, he will increase the likelihood of an “Exponential Decay” scenario. Currently, Bitcoin is trading at $69,290, displaying relatively low volatility within the $65,000 to $70,000 range. This stability resembles the mid-2020 timeframe when Bitcoin was trading at $10,000, as observed by the head of blockchain analytics firm CryptoQuant, Ki Young Ju.
In conclusion, Brandt’s analysis suggests that Bitcoin’s all-time high for the current bull cycle could potentially occur in 2025, based on historical patterns and the concept of halvings. However, he remains cautious and acknowledges the possibility of alternative scenarios.
