Renowned analyst Peter Brandt suggests that Bitcoin might set a new all-time high for its current bull cycle in 2025, drawing insights from historical bull market patterns.
Brandt, known for his expertise in chart analysis, proposes that previous bull markets provide valuable insights into Bitcoin‘s trajectory. According to his analysis, Bitcoin could reach its peak not in 2024, as some anticipate, but rather in 2025, based on the historical symmetry surrounding halving events.
The halving, which occurs approximately every four years, involves a 50% reduction in mining rewards. Brandt highlights that these halvings have historically demonstrated remarkable symmetry within bull market cycles.
Quoting Brandt, “The number of weeks from the start of each bull market cycle to the halving dates has been almost equal to the number of weeks from the halving dates to the subsequent bull market highs.”
Based on this pattern, Brandt suggests that Bitcoin could achieve its next peak in late August or early September 2025.
Regarding potential price movements, Brandt observes that previous bull market peaks have often followed an “inverted parabolic curve.” Extrapolating this trend, Bitcoin could potentially reach a high between $130,000 and $150,000 in the upcoming bull cycle.
However, Brandt maintains a cautious stance, acknowledging the uncertainty inherent in market dynamics. While he favors the 2025 projection, he assigns a 25% probability to the possibility that Bitcoin may have already reached its peak for this cycle, particularly considering its record-breaking surge above $70,000 in March.
Brandt highlights that if Bitcoin fails to establish a decisive new high and falls below $55,000, he will give more weight to what he terms an “Exponential Decay” scenario.
Bitcoin’s current price hovers around $69,290, showing relatively low volatility within the $65,000 to $70,000 range. Ki Young Ju, the head of blockchain analytics firm CryptoQuant, draws parallels between the current market activity and the mid-2020 timeframe when Bitcoin was trading at $10,000.
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