- Peter Brandt predicts Bitcoin could peak between $130,000 and $150,000 by late August or early September 2025.
- The Bitcoin halving on April 20 is historically linked to bull market cycles.
Bitcoin trader Peter Brandt believes the cryptocurrency might hit a cycle peak of $130,000 to $150,000 in late August and early September if it follows the path of past post-halving bull markets.
Historical Halving PatternsÂ
A coded-in event about every four years, the recently passed April 20 Bitcoin halving reduces mining rewards by 50%.
Brandt noted in a June 2 article that halving dates had “represented almost perfect symmetry within past bull market cycles.” Historically, he said, the Bitcoin halving date has fallen roughly between the beginning and end of a bull market.
Brandt’s research indicates that the previous Bitcoin bull market began roughly 16 months prior to the halving on May 11, 2020, and finished roughly 18 months later.
The two earlier halvings, on July 9, 2016, and November 28, 2012, followed a similar trend, Brandt pointed out. The next bull market cycle high should happen in late August or early September 2025, he added, if this pattern holds.
“No method of analysis is fool-proof,” Brandt said, but previous highs have shown a comparable growth pattern, and if it holds true, he projects a bull market high “in the $130,000 to $150,000 range.”
Bitcoin Current Market Status
Brandt’s research dates the beginning of the current bull market to December 17, 2022. Then, BTC was valued at about $16,800; as of right now, Cointelegraph Markets Pro reports that it has increased by more than 300% to $67,882.
CoinMarketCap data shows that the price of BTC at the moment of writing is about $69,029.54, up 1.89% in the last 24 hours. Furthermore, reflecting a bull position of 0.72% over the previous seven days.
Though Bitcoin is down from its all-time high of $73,679 on March 14, Brandt thinks that since the gains of each bull cycle are diminishing in relation to the previous one, there is a 25% probability that Bitcoin has already reached a bull market peak.
Should BTC fall below $55,000 and fail to reach a new high, Brandt said he would increase the likelihood that the cryptocurrency is going through “exponential decay.”
A further degree of conjecture surrounds Bitcoin’s future performance after ETHNews previously reported BTC showing 2017 signs and projected it may climb above $400,000 in less than a year.