Legendary trader Peter Brandt, with extensive experience since 1975, has made a bullish prediction for Bitcoin, suggesting it could hit between $130k and $150k by 2025 based on its historical halving cycles. Brandt argues that Bitcoin is currently in the 'sweet spot' of its bull market cycle.
Brandt’s analysis considers two significant 518-day periods and identifies a breakout from a broadening wedge as a bullish signal. His chart includes Bitcoin’s price trends from early 2022 to 2026, highlighting symmetrical patterns around halving events which suggest a cycle peak by late 2025.
Despite his positive outlook, Brandt maintains a cautious stance, acknowledging potential pitfalls. He assigns a 25% probability that Bitcoin’s price has already peaked this cycle. If Bitcoin fails to reach new highs and falls below $55,000, this probability would increase.
The crypto community has actively engaged with Brandt's outlook, with analysts like Astronomer agreeing with his predictions while emphasizing the importance of accurately identifying market tops and bottoms. Discussions around Bitcoin's future valuation also touched upon Bitcoin’s comparison to gold.
