Bitcoin could reach $150K in bull cycle says Peter Brandt

Veteran trader Peter Brandt has shared a bullish outlook for Bitcoin (CRYPTO:BTC), forecasting that the cryptocurrency could reach between $130,000 and $150,000 in the current market cycle, potentially peaking by August or September 2025.

“Bitcoin $BTC is now in the sweet spot of the bull market halving cycle that should top in the $130k to $150K range next Aug/Sep,” Brandt expressed in a post on social media platform X.

Brandt detailed that his approach to measuring Bitcoin’s cycles differs from conventional methods.

In a June article on The Factor Report, he noted that Bitcoin’s halving cycles historically create a symmetrical timing pattern in bull markets.

These halving events, which reduce mining rewards by half, have divided previous cycles into two phases: from the post-decline low to the halving and from the halving to the market peak.

The trader emphasized that if the current cycle adheres to this historical pattern, Bitcoin’s price could follow an inverted parabolic curve, suggesting a significant upward trend.

“Should this tendency also continue, the high of this bull market cycle could be in the $130,000 to $150,000 range,” Brandt added.

Despite his optimism, Brandt maintained a cautious stance, assigning a 25% chance that Bitcoin may have already peaked in this cycle.

He indicated that this probability would increase if Bitcoin does not achieve a new all-time high and drops below $55,000.

Brandt’s perspective contributes to the ongoing market conversation as traders and investors assess Bitcoin’s trajectory within this bull cycle.

At the time of reporting, the Bitcoin price was $76,004.68.