Bitcoin, which surpassed its previous ATH in March to $74,000, has had a bumpy road since then.
While investors who were worn out by the declines were now expecting a big rise from BTC, the good news came from legendary analyst Peter Brandt.
At this point, Brandt noted that Bitcoin's current bull run is similar to past post-halving cycles and claimed that the price could potentially reach $150,000.
Pointing to September 2025 for the rise in a recent analysis, the analyst argued that the Bitcoin price could reach a peak between $130,000 and $150,000 by the end of August or early September 2025.
“Bitcoin is currently exhibiting similar movements to previous halving cycles.
At this point, BTC's last bull market started about 16 months before the halving on May 11, 2020, and the cycle ended about 18 months after that.
Bitcoin followed a similar pattern during the previous two halvings in 2016 and 2012.
“If BTC follows this historical pattern, the high of the next bull market cycle will occur in late August/early September 2025, with the peak in the $130,000-$150,000 range.”
According to Brandt's analysis, the current bull market in Bitcoin started on December 17, 2022.
Brandt, who did not neglect to warn Bitcoin investors, stated that there was no certainty in his predictions and said that he remained flexible in his analysis and did not strictly adhere to any theory.
Given that the gains in each cycle diminish compared to the previous one, there is a 25% chance that BTC has already reached its bull market peak, Brandt said, adding that if Bitcoin fails to surpass its previous high and falls below $55,000, BTC will experience an “exponential decline.” He stated that it would increase the probability of survival.
*This is not investment advice.