Markets
A veteran trader predicts Bitcoin will reach $150,000 by 2025
A well-known trading veteran, Peter L. Brandt, recently shared a bold prediction for Bitcoin. According to Brandt, Bitcoin could reach $150,000 by September 2025.
This prediction comes from historical patterns observed in Bitcoin’s market cycles, particularly related to its “halving” events.
Bitcoin Halving Events: A Symmetrical Cycle
In his latest analysis, titled “The Beautiful Symmetry of Past Bitcoin Bull Market Cycles,” Brandt highlights the crucial role of Bitcoin halving dates. These events, where mining rewards are cut in half, have historically marked the midpoints of Bitcoin bull market cycles. Brandt notes that the time intervals from the start of a bull market to the halving dates approaching mirror the intervals between the halving dates and subsequent market peaks.
“More specifically, the number of weeks from the start of each bull market cycle (the low 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 highs bull market,” he wrote.
To know more: Bitcoin (BTC) Price Prediction 2024/2025/2030
Bitcoin price trend in each halving cycle. Source: Peter L. Brandt
If this pattern were valid, Brandt foresaw it Bitcoin could reach its next peak around late August or early September 2025. He suggests the price could rise between $130,000 and $150,000, following an inverted parabola curve which characterized previous bull markets.
However, Brandt remains cautious, acknowledging that no method of analysis is foolproof. He assigns a 25% probability that Bitcoin has already peaked for this cycle. He advises traders to carefully monitor Bitcoin’s performance, especially if he fails to do so reach a new all-time high and falls below $55,000.
Other leading analysts also share an optimistic outlook for Bitcoin. Crypto Technical Analyst CryptoCon points to the market value to realized value (MVRV) indicator as a critical metric for Identify the top and bottom parts of the loop.
According to CryptoCon, the price of Bitcoin reached levels in March 2024, in line with the initial highs seen in previous cycles. This indicates room for further growth.
Even the famous crypto analyst PlanB supports a bullish outlook. He highlighted Bitcoin’s post-halving performance in June, underscoring its alignment with the Stock-to-Flow model.
To know more: What happened at the last Bitcoin halving? Forecast for 2024
According to his analysis, Bitcoin is still on track to be in a bull market after the halving. PlanB highlighted that Bitcoin shows a similar pattern in the Stock-to-Flow model to the previous three halvings.
“The big change in the outcome of the Stock-to-Flow and Stock-to-Flow model concerns halvings. So, a big jump around the halving in the pattern value and then a Bitcoin price showing a little bit of a lag, but eventually reaching that pattern value, and that’s exactly what’s happened over the last three halvings, and I to expect [it] it will happen next year,” PlanB said.
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