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Legendary trader Peter Brandt, with nearly five decades of trading experience since 1975, has x.com/PeterLBrandt/status/1854280831969231109″ target=”_blank” rel=”nofollow”>shared a bullish forecast for bitcoin’s price trajectory in 2025. Moving on to x, Brandt stated: “bitcoin $btc is now in the sweet spot of the bull market halving cycle that should peak in the $130k to $150k next August/September. “I measure cycles differently than most.”
How high can bitcoin go in 2025?
Brandt's analysis is based on historical patterns seen in bitcoin halving cycles. Their chart, which covers bitcoin price action from early 2022 with projections through 2026, highlights two significant periods of 518 days each. These periods represent critical phases in bitcoin market behavior and represent the cyclical nature of its price movements.
A notable technical pattern identified on its chart is the breakout of a widening wedge. This formation, characterized by diverging support and resistance lines, suggests increasing market volatility as prices reach progressively higher highs and higher lows. The successful breakout of this pattern is considered a strong bullish signal.
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In a detailed June blog post titled “The Beautiful Symmetry of Past bitcoin Bull Market Cycles,” Brandt explained the importance of halving events. He noted that the halving dates have “represented the midpoints of past bull market cycles,” showing near-perfect symmetry within these cycles. Specifically, the number of weeks from the start of each bull market cycle to the halving dates has been nearly equal to the number of weeks from the halving dates to subsequent bull market highs.
Based on this symmetrical pattern, Brandt posits that if the sequence continues, “the next top of the bull market cycle should occur in late August or early September 2025.” It suggests that previous bull market highs line up well with an inverted parabolic curve, and if this trend persists, “the high of this bull market cycle could be in the $130,000 to $150,000 range.”
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Despite his optimistic projection, Brandt maintains a cautious stance. He emphasizes that “no method of analysis is infallible” and admits to avoiding being “dogmatic about any idea.” While this view is his preferred analysis, he acknowledges that it is not his only interpretation. Brandt notes that he continues to place a 25% chance that the price of bitcoin has already reached its high for this cycle. If bitcoin fails to reach a decisive new all-time high and falls below $55,000, the probability of an “exponential decline” would increase.
The crypto community has actively participated in Brandt's analysis. Popular crypto analyst Astronomer (@astronomer_zero) responded in x, agreeing with Brandt's higher estimate and highlighting the importance of accurately calling the market top. The astronomer commented: “I think you got that maximum estimate right, Peter! As for calling the bottom, it is now our duty to call the top ideally in one attempt. The price of the terminal makes it very good. I have 6 other metrics implemented. If everyone lines up, it's a sale. Location at $160,000.”
In another exchange, an x user asked about the implications for the bitcoin/gold (btc/GLD) ratio, suggesting it could imply a much higher price. Brandt responded: “Eventually, yes. But let's go step by step without becoming too dogmatic.”
At the time of publication, btc was trading at $74,940.
Featured image created with DALL.E, chart from TradingView.com
