Renowned market analyst Peter Brandt has shared a series of predictions that have set the Bitcoin world abuzz.
Known for his accurate forecasts, including bitcoin’s parabolic bull run in 2017, Brandt has recently made headlines with his latest outlook for bitcoin.
He suggests that the digital asset could reach new heights, potentially hitting between $130,000 and $150,000 by late August or early September 2025.
Brandt’s analysis centers around Bitcoin’s halving events, which occur approximately every four years and reduce the rewards for mining new blocks by half.
Historically, these events have been pivotal in bitcoin’s price trajectory, often marking the start of significant bull runs. Brandt notes that these halvings have created a pattern of “almost perfect symmetry” within past bull market cycles.
He explains:
“More specifically, the number of weeks from the start of each bull market cycle to the halving dates has been almost equal to the number of weeks from the halving dates to the subsequent bull market highs […] the next bull market cycle high should occur in late Aug/early Sep 2025.”
This symmetry suggests that bitcoin’s next peak could occur around Q3 2025. He wrote, “Halving dates have represented almost perfect symmetry within past bull market cycles.”
Discussing the potential for a major surge, Brandt emphasized the importance of surpassing a critical upper limit. “If we blow through the top of the upper parabolic boundary then BTC really does a moon shot,” he explained.
In his forecasts, Brandt employs an inverted parabolic curve to estimate potential price highs. According to this model, bitcoin could surge to between $130,000 and $150,000 in the next bull cycle.
This prediction is based on historical patterns and the consistent gains bitcoin has shown following past halving events.
Brandt acknowledges the limitations of technical analysis but remains optimistic about his forecast. “No method of analysis is fool-proof,” he concedes, yet the similar growth patterns observed during previous bull runs lend credibility to his $130,000 to $150,000 target.
Other analysts are echoing Brandt’s bullish sentiment. Ali Martinez has highlighted bitcoin’s current position around a key price level, suggesting a potential rise if this support holds.
“Bitcoin currently hovers around the +0.5σ pricing band at $66,800. If BTC can hold above it, BTC will likely rise to test the 1.0σ pricing band at $79,600.” Martinez noted.
CryptoQuant analyst Axel Adler has also pointed to a rise in bitcoin transfers to derivatives exchanges, indicating that large investors are positioning themselves for a potential bull market.
Adler explained:
“An increase in the volume of transfers from major exchanges to derivatives exchanges indicates that large investors are taking on leveraged positions using Bitcoin as collateral, which increases the likelihood of a bullish market.”
Brandt’s bullish outlook isn’t limited to Bitcoin’s USD value. He also foresees bitcoin gaining significantly against gold, predicting that 100 ounces of gold will be needed to buy one bitcoin in the near future.
This prediction highlights Bitcoin’s potential as a store of value, competing with traditional assets like gold.
“Since its inception, Bitcoin has gained against gold. This chart shows the number of ounces of gold to buy one BTC. The ratio should chop for another 12 to 18 months — then advance to 100 ounces of gold to buy a BTC,” Brandt wrote.
However, he tempers his optimism with a cautionary note. He assigns a 25% probability that bitcoin may have already peaked for this bull cycle, citing diminishing returns observed in each successive bull run.
If bitcoin fails to break its all-time high and falls below $55,000, Brandt warns of a potentially bearish scenario termed “exponential decay,” which suggests a sharp and sustained decline in price.
As of June 2024, bitcoin has shown impressive gains since December 2022, rising over 311% from around $16,800 to its current price of approximately $69,000. Despite this surge, bitcoin is still down from its all-time high of $73,750, reached in March 2024.
Bitcoin’s recent price movements have been relatively stable, hovering within the $65,000 to $70,000 range. Trading volumes have also surged, with a significant uptick noted in recent days.
Analysts from Into the Block have attributed this surge to a substantial demand zone between $66,900 and $68,900, where over two million addresses have accumulated a total of 1.1 million BTC worth about $76.2 billion.
