In a recent analysis, renowned crypto trader Peter Brandt predicted that bitcoinâs current bull run could see the cryptocurrency reaching a peak between $130,000 and $150,000 by late August to early September 2025.
Brandtâs projection is based on historical patterns following BTCâs previous halving events.
The April 20 halving, an important event coded into Bitcoinâs protocol occurring approximately every four years, cuts mining rewards by half. According to Brandt, these events have historically played a big role in shaping its bull market cycles.
In his June 2 report, he detailed how previous halving dates have ârepresented almost perfect symmetry within past bull market cycles.â
Specifically, he noted that the number of weeks from the start of each bull market cycle, typically marked by a significant low following a decline of over 75%, to the halving dates is almost equal to the number of weeks from the halving dates to the following bull market highs.
Analyzing past patterns, Brandt pointed to the last Bitcoin bull market, which started about 16 months before the halving on May 11, 2020, and concluded roughly 18 months later. This pattern aligns with previous cycles following the July 9, 2016, and November 28, 2012 halvings.
âIf this sequence continues, the next bull market cycle high should occur in late August or early September 2025,â Brandt added. He projected a potential high in the range of $130,000 to $150,000, noting that while no method of analysis is foolproof, past highs have corresponded well with an inverted parabolic curve.
Brandtâs analysis pinpoints December 17, 2022, as the start of the current bull market, with bitcoin trading around $16,800 at that time. Since then, BTC has surged over 300%, reaching an all-time high of $73,800 on March 14.
However, Brandt also offered a note of caution. He acknowledged a 25% probability that Bitcoin has already reached its bull market peak, given that each cycleâs gains are reducing when compared to the previous one. He also warned that if bitcoin fails to surpass its previous high and drops below $55,000, it could signify an âexponential decayâ in its market value.
In a previous blog post, Brandt highlighted that around 80% of the exponential momentum from each of the last four BTC bull cycles has reduced. Looking forward, he forecasted an exponential growth of approximately 4.5 times the current value.
While he recognized the halvingâs potential to influence bitcoinâs value positively, Brandt stressed the importance for traders to watch for signs of exponential decay carefully.
The post This Is When BTC Price Could Soar to $150K, According to Bitcoin Halving Cycles: Peter Brandt appeared first on CryptoPotato.
Brandtâs projection is based on historical patterns following BTCâs previous halving events.
Bitcoinâs Bull Run Could Hit $130K-$150K
The April 20 halving, an important event coded into Bitcoinâs protocol occurring approximately every four years, cuts mining rewards by half. According to Brandt, these events have historically played a big role in shaping its bull market cycles.
In his June 2 report, he detailed how previous halving dates have ârepresented almost perfect symmetry within past bull market cycles.â
Specifically, he noted that the number of weeks from the start of each bull market cycle, typically marked by a significant low following a decline of over 75%, to the halving dates is almost equal to the number of weeks from the halving dates to the following bull market highs.
Analyzing past patterns, Brandt pointed to the last Bitcoin bull market, which started about 16 months before the halving on May 11, 2020, and concluded roughly 18 months later. This pattern aligns with previous cycles following the July 9, 2016, and November 28, 2012 halvings.
âIf this sequence continues, the next bull market cycle high should occur in late August or early September 2025,â Brandt added. He projected a potential high in the range of $130,000 to $150,000, noting that while no method of analysis is foolproof, past highs have corresponded well with an inverted parabolic curve.
Brandtâs analysis pinpoints December 17, 2022, as the start of the current bull market, with bitcoin trading around $16,800 at that time. Since then, BTC has surged over 300%, reaching an all-time high of $73,800 on March 14.
Peter Brandt Warns of Potential âExponential Decayâ
However, Brandt also offered a note of caution. He acknowledged a 25% probability that Bitcoin has already reached its bull market peak, given that each cycleâs gains are reducing when compared to the previous one. He also warned that if bitcoin fails to surpass its previous high and drops below $55,000, it could signify an âexponential decayâ in its market value.
In a previous blog post, Brandt highlighted that around 80% of the exponential momentum from each of the last four BTC bull cycles has reduced. Looking forward, he forecasted an exponential growth of approximately 4.5 times the current value.
While he recognized the halvingâs potential to influence bitcoinâs value positively, Brandt stressed the importance for traders to watch for signs of exponential decay carefully.
The post This Is When BTC Price Could Soar to $150K, According to Bitcoin Halving Cycles: Peter Brandt appeared first on CryptoPotato.