Key Points
- Bitcoin’s price could potentially reach between $130,000 and $150,000 by September 2025, according to crypto trader Peter Brandt.
- Historically, Bitcoin’s price has surged following halving events, which could support the current bullish market sentiment.
Seasoned crypto trader Peter Brandt predicts that Bitcoin (BTC) could reach a price range of $130,000 to $150,000 by September 2025.
He bases this prediction on Bitcoin’s historical pattern, where its price often soars significantly after a halving event.
Halving and Bitcoin’s Price
Brandt believes that the recent halving of Bitcoin in April 2024, which halved mining rewards, could be the catalyst for another significant price rally.
In his report dated June 2, Brandt suggests that past halvings have served as a central point around which bull markets form.
He argues that the current bull market began in December 2022, approximately 16 months before the halving.
This aligns with historical trends, as the previous bull run also started around 16 months before the May 11, 2020, halving.
Bitcoin’s Bull Run Patterns
Brandt acknowledges the limitations of technical analysis, stating that no method is foolproof when it comes to predicting Bitcoin’s peak.
However, he finds support for his price target in the similar growth patterns observed during past bull runs.
Since December 2022, Bitcoin has seen impressive gains, rising over 311% from around $16,800 to its current price of $69,081 as of June 3, 2024.
However, Bitcoin is still down from its all-time high of $73,750, reached in March 2024.
Brandt tempers his optimism with a note of caution, assigning a 25% probability that Bitcoin may have already peaked for this bull cycle.
He bases this on a concerning trend: the diminishing returns observed in each successive bull run.
Potential Exponential Decay
Brandt warns of a potentially more bearish scenario, termed “exponential decay”, if Bitcoin fails to break its all-time high and falls below $55,000.
This term suggests a sharp and sustained decline in price, a worrying prospect for investors.
At the time of writing, Bitcoin is trading at $69,081, up 1.96% in the past 24 hours.
Trading volume has surged to a record high of $22.58 billion, marking a 100% increase.
Breaking the $70K mark is crucial for Bitcoin to reach new all-time highs or even Brandt’s predicted range of $130K-$150K.
The possibility of a $130,000 Bitcoin by September 2025 is enticing for crypto enthusiasts.
However, Brandt’s analysis also highlights the inherent risks and uncertainties of predicting Bitcoin price movements.
