Veteran crypto trader Peter Brandt has predicted that Bitcoin could reach $130,000 to $150,000 by late August to early September 2025, based on the previous post-halving bull market trends.
The latest Bitcoin halving that was on April 20 this year, reduced mining rewards by half for miners- a programmed event that occurs every four years. According to Brandt, past halving events have occurred during significant bull market phases.
Brandt’s report on June 2 highlights that Bitcoin’s halving typically occurs amid a bull run, with the last market surge lasting around 16 months pre-halving and 18 months post-halving, aligning with previous halving patterns from 2016 and 2012.
Brandt admitted that no analysis method is perfect, but in the past cycles, highs have been on an upward trend. If the trend continues, he expects Bitcoin to reach its apex in late August or early September 2025 with a possible high of $130,000-$150,000.
However, Brandt also pointed out that there is a 25% probability that Bitcoin has already achieved its bull market top based on the currency’s current trend.
Bitcoin has risen more than 300% from the beginning of the current bull market on Dec. 17, 2022, to a record high of $73,679 on March 14 but has pulled back to around $67,882.
Brandt warned that if Bitcoin does not manage to go above its previous high and goes below $55,000, it will be an “exponential decay”. This analysis shows that cryptocurrency markets are ever-evolving and thus require constant analysis of the market trends.
Crypto enthusiasts and traders across the globe keep a keen watch on Bitcoin’s performance as it continues to surge post halving 2024 event, with no significant collapses.
Also Read: Bitcoin Drops Below $68K, Michael Saylor Remains Optimistic
