Crypto trader Peter Brandt predicts that Bitcoin (BTC) could potentially reach a peak of $130,000 to $150,000 between late August and early September, based on the patterns of previous post-halving bull markets. The Bitcoin halving event, which occurred on April 20, takes place approximately every four years and reduces mining rewards by 50%. Brandt’s analysis suggests that halving dates have historically aligned with the midpoint of bull market cycles.
According to Brandt, the last Bitcoin bull market began approximately 16 months before the May 11, 2020 halving and ended around 18 months later. This pattern has been observed in the two previous halvings on July 9, 2016, and Nov. 28, 2012. If this trend continues, Brandt anticipates the next bull market cycle high to occur in late August or early September 2025.
While Brandt acknowledges that predicting Bitcoin’s cycle high is not foolproof, he points to the consistent growth patterns of past highs. If this trend persists, he estimates a bull market high in the range of $130,000 to $150,000. However, Brandt also suggests a 25% chance that Bitcoin may have already reached its peak, as each bull cycle’s gains are diminishing compared to the previous one.
Since the identified start of the current bull market on December 17, 2022, Bitcoin has experienced significant growth, from trading around $16,800 to its current price of $67,882. Despite a decline from its all-time high of $73,679 on March 14, Brandt warns that if Bitcoin fails to surpass this level and drops below $55,000, it could indicate a concerning trend of “exponential decay.”
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