Renowned chart analyst Peter Brandt predicts Bitcoin may surpass 150k by the third quarter of 2025

If historical bull markets are any indication, Bitcoin may reach its peak for the current bull cycle in 2025, according to analyst Peter Brandt.
Brandt, a renowned chart pattern interpreter, suggests that Bitcoin’s all-time high for this cycle is more likely to occur in 2025 rather than 2024, drawing on data from previous bull markets as a reliable guide.
His analysis focuses on the impact of halvings, events where mining rewards are halved every four years. Brandt points out in a blog post that these halvings have historically shown significant symmetry within past bull market cycles.
If this pattern continues, Brandt predicts that Bitcoin could reach its peak in late August or early September 2025.
In terms of potential price movements, Brandt highlights previous bull market peaks aligning with an inverted parabolic curve. This trend suggests that Bitcoin could potentially reach a high between $130,000 and $150,000 in the upcoming bull cycle.
Despite his analysis, Brandt remains cautious, acknowledging that as a trader, he avoids being rigid in his ideas. While he favors the projection of Bitcoin hitting a peak in 2025, he also assigns a 25% probability that the cryptocurrency may have already peaked in March when it surpassed $70,000.
Brandt warns that if Bitcoin fails to achieve a new high and drops below $55,000, there is an increased likelihood of an “Exponential Decay” scenario unfolding. Currently, Bitcoin is trading at $69,290 according to data from CoinGecko.
Over the past few weeks, Bitcoin has shown minimal volatility, fluctuating between $65,000 and $70,000. Analysts like Ki Young Ju from CryptoQuant have noted similarities in the current market conditions to mid-2020 when Bitcoin was trading at $10,000.
In a recent statement at Consensus 2024, Cathie Wood called Bitcoin “unstoppable,” highlighting the cryptocurrency’s resilience and potential for growth.