Bitcoin (BTC) Bull Market Cycle Peak Predicted to Reach $130,000 to $150,000 by September, Says Trader Peter Brandt
Crypto trader Peter Brandt predicts that Bitcoin (BTC) could reach a cycle peak of $130,000 to $150,000 between late August to early September, following the trajectory of previous post-halving bull markets. The recent April 20 Bitcoin halving event, which occurs approximately every four years and slashes mining rewards by 50%, has historically marked the middle of when a bull market starts and when it reaches its peak.
Brandt’s analysis points to a pattern where the last two Bitcoin halvings in July 2016 and November 2012 have followed a similar cycle, with the peak of the bull market occurring around 16-18 months after the halving event. If this trend continues, Brandt predicts that the next bull market cycle high could occur in late August or early September 2025, with Bitcoin potentially reaching $130,000 to $150,000.
However, Brandt also acknowledges that no method of analysis is fool-proof when it comes to predicting Bitcoin’s cycle high. He notes that there is a 25% chance that Bitcoin has already hit a bull market top, especially if it fails to make a new all-time high and drops below $55,000. In that case, Brandt suggests that the cryptocurrency may be experiencing “exponential decay.”
Despite Bitcoin’s current price of $67,882, down from its March 14 all-time high of $73,679, Brandt remains cautious about the possibility of a market top. As each bull cycle’s gains are decreasing relative to the previous one, Brandt emphasizes the importance of monitoring Bitcoin’s price movements closely to determine its future trajectory.
