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Bitcoin could surpass $150,000 in Q3 2025, says chart veteran Peter Brandt
If past bull markets are any indication of how things will play out today, Bitcoin could reach its all-time high for the current bull cycle in 2025.
Peter Brandt, a well-known analyst who specializes in interpreting chart patterns, says that Bitcoin will likely reach its high for this bull cycle not in 2024, but rather in 2025, if data from previous bull markets serves as a reliable indicator.
Brandt’s analysis is based on halvings, events where mining rewards are programmatically reduced by 50% once every four years. In a blog postthe charting veteran notes that historically these halvings represented “near-perfect symmetry within past bull market cycles.”
“More specifically, the number of weeks from the start of each bull market cycle (the bottom following a decline of more than 75%) to the halving dates was nearly equal to the number of weeks from the halving dates to the subsequent bull market highs […].”
Peter Brandt
If the pattern persists, Brandt suggests that Bitcoin could reach its next peak in late August or early September 2025.
In terms of potential price movements, the analyst points out that previous bull market peaks have aligned well with an “inverted parabolic curve.” If this trend continues, BTC could reach a high between $130,000 and $150,000 in the next bull cycle.
Peter Brandt Calculations on Potential BTC Price Movement | Source: peterlbrandt.com
However, Brandt remains cautious and stresses that “as a trader, I avoid being dogmatic about any idea.” While this projection is his preferred analysis, he assigns a 25% chance that Bitcoin may have already peaked for this cycle, as the cryptocurrency set a new all-time high in March by flying above the $70,000 mark.
The analyst notes that if Bitcoin fails to make a decisive new high and falls below $55,000, it would increase the likelihood of what he calls “exponential decay.” scenario. As of this writing, Bitcoin is trading at $69,290, according to data from CoinGecko.
In recent weeks, Bitcoin has not shown any volatility, remaining in the range between $65,000 and $70,000. Like crypto.news reported Previously, the head of blockchain analytics firm CryptoQuant Ki Young Ju sees the current volatility and on-chain activity similar to the mid-2020 period, when Bitcoin was trading at $10,000.