The post Veteran Trader Peter Brandt Predicts Bull Market High For Bitcoin appeared on BitcoinEthereumNews.com.

Veteran trader Peter Brandt has predicted a bull market high for Bitcoin, suggesting that the flagship crypto will rise to $150,000 by 2025. This aligns with a similar prediction that Bernstein analysts made for BTC’s price earlier in the year. This bullish prediction for the crypto comes amid a recent recovery to as high as $58,000, with crypto analysts weighing on whether this is a relief bounce or a bullish reversal. Peter Brandt Predicts Bitcoin Will Hit $150,000 By 2025 Peter Brandt has predicted that Bitcoin will hit $150,000 by 2025. The accompanying chart he shared in an X post showed that this price would mark the high for BTC in this bull market cycle. Brandt had previously made a similar prediction and alluded to past halving cycles, with his analysis noting how BTC’s price had peaked between 16 to 18 months after every halving event. It is worth mentioning that the veteran trader’s prediction aligns with those made by other analysts. In March, shortly after BTC’s price hit a new all-time high (ATH) of $73,000, Bernstein analysts said they were convinced that the leading crypto would reach $150,000 by 2025. They cited factors like the halving event, which eventually took place in April, and the success of the Spot Bitcoin ETFs as factors that would propel Bitcoin’s price growth in this bull run. Fundstrat analyst Tom Lee, also predicted that Bitcoin will reach $150,000, although he stated that BTC will hit this price mark this year. Popular crypto analysts like Mikybull Crypto have also highlighted $150,000 as a price level Bitcoin can reach in this market cycle. On the other hand, crypto analysts like Justin Bennett have offered a bearish outlook for BTC’s price and suggested that the crypto might not reach $150,000 as predicted by these Bitcoin bulls.…

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Filed under: News - @ September 10, 2024 12:25 pm