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HomeCryptoBitcoin Could Hit $150,000 By September 2025, Here's Why?

Bitcoin Could Hit $150,000 By September 2025, Here’s Why?

Bitcoin (BTC) could reach a cycle top of $130,000 to $150,000 between late August and early September 2025 if it follows the trajectory of previous bull markets, according to veteran trader Peter Brandt.

The Bitcoin halving on April 20 was an event scheduled approximately every four years, cutting mining rewards by 50%, and the halving date “represented near-perfect symmetry in the cycles.” previous bull markets,” Brandt said write in the June 2 report.

He stated that historically, the Bitcoin halving date is roughly halfway between when the bull market begins and when the market peaks.

The most recent Bitcoin bull market started about 16 months before the halving on May 11, 2020, and the cycle ended about 18 months later, according to Brandt’s analysis.

Brandt noted that the two previous halvings — on July 9, 2016 and November 28, 2012 — both followed a similar pattern.

Source: Peter Brandt

“If this streak continues, the next bull market cycle peak will occur in late August/early September 2025,” he wrote.

Brandt added that “no analytical method is perfect” when it comes to predicting Bitcoin’s cycle top, but previous tops have followed a similar growth pattern and if it continues, he expects bull market peak “in the $130,000 to $150,000 range.”

Bitcoin is still likely to have peaked

Brandt’s analysis marks December 17, 2022 as the start of the current bull market. BTC traded around $16,800 then, but has increased more than 300% since then to trade at $68,425, according to Coinmarketcap.

btc-tang

Source: Coinmarketcap

However, Bitcoin is down from its all-time high of $73,679 on March 14 and Brandt believe that there is a 25% chance that Bitcoin has reached a bull market peak as each bull cycle’s gain has decreased compared to the previous cycle.

If BTC fails to reach a new all-time high and falls below $55,000, Brandt said he would increase the likelihood that the cryptocurrency is experiencing “exponential decline.”

You can see coin prices here.

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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According to Cointelegraph

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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