Bitcoin
Bitcoin could reach $150,000 in Q3 2025, says chart veteran Peter Brandt
If past bull markets are any indication of how things will play out today, Bitcoin could reach its all-time high for the current bull cycle in 2025.
Peter Brandt, a well-known analyst focused on interpreting chart patterns, says that Bitcoin will likely reach its high for this bull cycle not in 2024, but rather in 2025, if data from previous bull markets serves as a reliable indicator.
Brandt’s analysis depends on the halves, events where mining rewards are programmatically reduced by 50% once every four years. On a blog postthe chart veteran notes that historically, these drawdowns have represented “almost perfect symmetry in previous bull market cycles.”
“More specifically, the number of weeks from the start of each bull market cycle (the trough after a decline of more than 75%) to the halving dates was nearly equal to the number of weeks since the halving dates. half to subsequent bull market highs. […].”
Pedro Brandt
If the pattern persists, Brandt suggests that Bitcoin could reach its next peak in late August or early September 2025.
In terms of potential price movements, the analyst points out that previous bull market peaks have aligned well with an “inverted parabolic curve.” If this trend continues, BTC could reach a high of between $130,000 and $150,000 in the next bull cycle.
Peter Brandt’s calculations on BTC’s potential price movement | Source: peterlbrandt.com
However, Brandt remains cautious, noting that “as a trader, I avoid being dogmatic about any idea.” While this projection is his preferred analysis, he assigns a 25% probability that Bitcoin has already peaked this cycle, as the cryptocurrency hit a new all-time high in March, rising above the $70,000 mark.
The analyst notes that if Bitcoin fails to reach a new decisive high and falls below $55,000, it will increase the likelihood of what he calls “Exponential Decay.” scenario. At press time, Bitcoin was trading at $69,290, according to data from CoinGecko.
Bitcoin has shown relatively no volatility in recent weeks, remaining in the $65,000 to $70,000 range. Like crypto.news reported Previously, the head of blockchain analytics firm CryptoQuant Ki Young Ju sees the current volatility and on-chain activity similar to the mid-2020 period when Bitcoin traded at $10,000.