Renowned trader Peter Brandt, who has been in the industry for over four decades, recently shared his analysis on the bitcoin bull market and its potential price rise. In his blog post titled “The beautiful symmetry of past bitcoin bull market cycles,” Brandt pointed out the striking symmetry of these cycles, particularly highlighting the significance of Bitcoin halvings.
Brandt noted that Bitcoin halvings have historically represented the halfway points of past bull market cycles. He observed that the time it takes for a bull market to reach a halving is usually similar to the time it takes for the market to reach its peak after the halving. Based on this pattern, Brandt predicted that the next bull market cycle high could occur in late August or early September 2025.
However, Brandt acknowledged the difficulty in accurately predicting the peak of the current bull cycle, as no analysis method is foolproof. Nevertheless, he emphasized that the highs of previous bull markets align well with an inverted parabolic curve. According to his analysis, the high of this bull market cycle could potentially range from $130,000 to $150,000.
Despite his prediction, Brandt maintained a cautious approach to market forecasts, recognizing that there are multiple interpretations and possibilities. He mentioned that he assigns a 25% probability that the price of bitcoin has already reached its peak for this cycle. If bitcoin fails to establish a new all-time high and drops below $55,000, he will increase the probability of the Exponential Decay scenario.
What are your thoughts on Peter Brandt’s prediction for the bitcoin bull market? Let us know in the comments section below.
