Peter Brandt, a well-known trader, is feeling optimistic about Bitcoin (BTC). He believes that Bitcoin is currently in a prime position for growth, as it’s in the “sweet spot” of the bull market cycle.
Bitcoin’s Bullish Trajectory
Brandt predicts that Bitcoin could climb by 73% to 100% from its current price, potentially reaching a six-figure price by August or September 2025. This prediction is based on historical patterns of Bitcoin’s bull market cycles.
He notes that the time it took for Bitcoin to reach the halving in April 2023 from the start of the bull market in November 2022 was about 518 days. If history repeats itself, Bitcoin could take another 518 days to reach the peak of this bull market.
Ethereum and Solana’s Potential
Brandt also shared his thoughts on Ethereum (ETH) and Solana (SOL). He believes both cryptocurrencies are poised for strong growth, but favors Solana’s potential for a breakout. He points out that Solana is currently trading closer to its 28-month high compared to Ethereum.
A Word of Caution
Remember, investing in cryptocurrencies is risky. Always do your own research and consult with a financial advisor before making any investment decisions.
