Negosyante News

November 5, 2024 4:29 pm

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

Veteran trader Peter Brandt forecasts that Bitcoin could reach a peak of $150,000 by late August or early September 2025.

Brandt’s analysis, published on his website, highlights the significant impact of Bitcoin halving events—where mining rewards are halved—on the cryptocurrency’s bull market cycles. He noted a consistent pattern where the time between the start of each bull market and the halving event is nearly equal to the time from the halving event to the subsequent market peak.

Bitcoin to Hit $150,000 with Consistent Halving Cycles

Brandt’s analysis suggests that if this historical pattern continues, Bitcoin’s next bull market peak should occur around late August or early September 2025. He explained that previous bull market peaks have closely followed an inverted parabolic curve, indicating a potential price range of $130,000 to $150,000 for the current cycle. Brandt shared a chart illustrating the expected peak date and price.

While he remains flexible in his predictions, Brandt emphasized that this analysis is his preferred outlook but not the only possible interpretation. He also mentioned a 25% chance that Bitcoin’s price has already reached its peak for this cycle.

Tether Co-Founder Predicts New All-Time High

In a related forecast, Tether co-founder William Quigley predicted a new all-time high for Bitcoin by the end of 2025. In an interview with Cryptonews.com, Quigley referenced historical post-halving rally cycles, suggesting that it could take about 500 days to 18 months for Bitcoin to surpass its previous records, potentially reaching a new high by October 2025.

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