TL;DR

Predicted Bull Market Peak: Veteran trader Peter Brandt forecasts that Bitcoin (BTC) could reach a peak of $130,000 to $150,000 by late August or early September 2025, following a symmetry pattern related to Bitcoin’s halving events.
Halving Event Analysis: Both Brandt and Tether Co-Founder William Quigley emphasize the historical significance of Bitcoin’s halving events, suggesting the next all-time high could occur around late 2025, with Quigley predicting it just before the halving event.
Expert Opinions & Indicators: Various experts, including CryptoCon and PlanB, express optimism about Bitcoin’s future, citing indicators like MVRV and the Stock-to-Flow model, and noting Bitcoin’s price surge in March 2024 as a positive sign for continued growth.

Veteran trader Peter Brandt predicts that Bitcoin (BTC) next bull market peak could reach $150,000 by late August or early September 2025. His analysis, published on Brandt’s website, highlights the remarkable pattern of almost perfect symmetry within past bull market cycles, specifically related to Bitcoin’s halving events.

Brandt’s analysis focuses on the time intervals from the start of each bull market cycle to the halving dates. It compares them to the intervals from the halving dates to the subsequent bull market highs.

If this pattern persists, the next bull market cycle high should occur in late Aug/early Sep 2025. The veteran analyst suggests that while no prediction method is entirely foolproof, past bull market highs have closely aligned with an inverted parabolic curve.

The peak of the current bull market cycle could see Bitcoin reaching a price range of $130,000 to $150,000. Brandt emphasizes that he remains flexible in his analysis and does not rigidly adhere to any single idea. He assigns a 25% probability to the possibility that Bitcoin’s price has already peaked for this cycle.

Tether Co-Founder Predicts New ATH

In April, William Quigley, one of Tether’s co-founders, made a bold prediction about Bitcoin’s future. He anticipated that it would reach its highest value ever by the end of 2025, just before the halving event took place.

Quigley considered historical statistics of previous post-halving rally cycles, estimating that it would take about 500 days to 18 months for Bitcoin to break the historical record. According to Quigley, this would place the new all-time high around October 2025.

Bitcoin (BTC) Halving Events: A Symmetrical Cycle

Brandt’s most recent analysis, “The Beautiful Symmetry of Past Bitcoin Bull Market Cycles,” highlights the significance of Bitcoin’s halving dates. These moments, when mining rewards are cut in half, have consistently signaled the halfway points of Bitcoin’s bull market cycles.

Brandt notes that the number of weeks from the start of each bull market cycle to the halving dates closely mirrors the intervals from the halving dates to the subsequent market peaks.

Brandt predicts that Bitcoin may hit its next peak in late August or early September 2025 if the current trend continues. The projected price range falls between $130,000 and $150,000, aligning with the inverted parabolic curve seen in past bullish cycles.

Nevertheless, Brandt maintains a sense of caution, recognizing that no analysis technique is foolproof. He urges traders to diligently observe the performance of Bitcoin, particularly if it falls short of reaching a fresh record high and dips below the $55,000 mark.

Many well-known experts are also expressing positive views on the future of Bitcoin. Crypto analyst CryptoCon highlights the Market Value to Realized Value (MVRV) indicator as a key tool for predicting market cycles.

CryptoCon reports that Bitcoin’s price in March 2024 has surged to levels comparable to the previous market peaks, suggesting that there is still ample potential for future expansion. Renowned crypto analyst PlanB also supports a bullish view, highlighting Bitcoin’s post-halving performance in June and its alignment with the Stock-to-Flow model.

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Filed under: News - @ June 3, 2024 12:16 pm