Bitcoin (BTC) could potentially reach a staggering $150,000 before the current bull market ends, according to veteran trader Peter Brandt. In a recent blog post, Brandt highlighted the consistent timeline of each bull cycle since 2012. He observed that the number of weeks from the start of a bull market to the halving dates is roughly equal to the number of weeks from the halving dates to the subsequent bull market highs. Based on this pattern, Brandt predicts that the current bull market will likely conclude in August or September 2025.
To support his BTC price target, Brandt introduced an inverted parabolic curve. By examining the bull market highs since 2012, he indicated that Bitcoin could surge to as high as $150,000 by the projected expiration date of the bull market. However, Brandt cautioned that his analysis is not foolproof. He acknowledged a 25% chance that BTC may have already reached its peak for this cycle, emphasizing that if Bitcoin fails to establish a new all-time high and drops below $55,000, the likelihood of an Exponential Decay scenario would increase.
Brandt defined Exponential Decay as Bitcoin losing around 80% of its exponential energy after each successful bull market. At the time of writing, Bitcoin is trading at $69,083. It’s important to note that the opinions expressed by Brandt are not investment advice. Investors are advised to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. The Daily Hodl, where Brandt’s analysis was published, does not endorse the buying or selling of cryptocurrencies, nor does it provide investment advice.
