Markets
Veteran Trader Predicts Bitcoin To Hit $150,000 By 2025
A well-known trading veteran, Peter L. Brandt, recently shared a bold prediction for Bitcoin. According to Brandt, Bitcoin could reach $150,000 by September 2025.
This prediction stems from historical patterns observed in Bitcoin market cycles, specifically related to “halving” events.
Bitcoin Halving Events: A Symmetric Cycle
In his latest analysis, titled “The Beautiful Symmetry of Past Bitcoin Bull Market Cycles,” Brandt highlights the crucial role of Bitcoin halving dates. These events, where mining rewards are halved, have historically marked the middle of Bitcoin bull market cycles. Brandt notes that the time intervals between the start of a bull market on halving dates closely mirror the intervals between halving dates and subsequent market highs.
“Specifically, the number of weeks between the start of each bull market cycle (the lowest after a decline of more than 75%) and the halving dates was almost equal to the number of weeks between the halving dates halving and subsequent bull market highs. ,” he wrote.
Learn more: Bitcoin (BTC) Price Prediction 2024/2025/2030
Bitcoin price performance during each halving cycle. Source: Peter L. Brandt
If this trend continues, Brandt predicted that Bitcoin Could Reach Its Next High around late August or early September 2025. It suggests that the price could rise to between $130,000 and $150,000, following a reverse parabolic trend. curve which has characterized previous bull markets.
Brandt remains cautious, however, recognizing that no method of analysis is infallible. He assigns a 25% probability that Bitcoin has already peaked for this cycle. He advises traders to closely monitor Bitcoin’s performance, especially if it fails to do so. reach a new absolute record and falls below $55,000.
Other prominent analysts also share optimistic outlooks for Bitcoin. Crypto Technical Analyst CryptoCon points to the market value/realized value (MVRV) indicator as a critical measure for identify cycle ups and downs.
According to CryptoCon, the price of Bitcoin reached levels in March 2024, which corresponds to the first peaks observed during previous cycles. This suggests room for further growth.
PlanB, renowned crypto analyst, also supports a bullish view. He highlighted Bitcoin’s performance after the June halving, noting its alignment with the Stock-to-Flow model.
Learn more: What happened in the last Bitcoin halving? Predictions for 2024
According to his analysis, Bitcoin is still on track to enter a bull market after the halving. PlanB pointed out that Bitcoin shows a similar trend in the Stock-to-Flow model to the previous three halvings.
“The big change in the results of the Stock-to-Flow and Stock-to-Flow models is for halvings. So a big jump around the halving of the model value, and then a Bitcoin price that shows a slight lag, but it eventually catches up to that model value, and that’s exactly what happened at the Over the last three halves, and I wait [it] will take place next year,” PlanB said.
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