Veteran trader Peter Brandt, who’s been in the game since the 70s, thinks Bitcoin is about to go on a wild ride. He’s predicting a price surge to between $130,000 and $150,000 by late 2025.
The Halving Cycle: A Key Indicator
Brandt’s prediction is based on Bitcoin’s “halving cycles,” which happen every four years. He’s noticed a pattern: the halving dates seem to mark the halfway point of bull markets. This means the time between the start of a bull market and the halving is about the same as the time between the halving and the peak of the market.
A Bullish Pattern
Brandt sees a “broadening wedge” forming on Bitcoin’s chart, which is a sign of increasing volatility. He believes this pattern is a strong signal that Bitcoin is about to break out.
A Cautious Optimism
While Brandt’s bullish, he’s also cautious. He knows that no prediction is perfect, and he’s not setting himself up for a big fall. He’s even said there’s a 25% chance Bitcoin has already peaked for this cycle. If it drops below $55,000, he thinks there’s a higher chance of a big price drop.
The Crypto Community Reacts
Other crypto analysts are weighing in on Brandt’s prediction. Astronomer, a popular analyst, agrees with the $150,000 target. He’s also using other indicators to try and pinpoint the exact moment to sell.
Looking Ahead
Brandt’s prediction has sparked a lot of discussion in the crypto community. While he’s optimistic about Bitcoin’s potential, he’s also urging everyone to stay grounded and not get carried away. He’s taking a “one step at a time” approach, and he’s not making any promises. Only time will tell if his prediction will come true.
