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Today, the price of bitcoin soared up to $97,000. This is an increase of more than 2%. It’s getting close to $100,000. Investors are excited by the cryptocurrency’s continuing rise in 2025.
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Market old timer forecasts significant price target
Peter Brandt, a financial analyst. Bitcoin The increase could be between $125,000 and $150,000 in the late summer or early fall. He predicted in social media updates a couple of hours before the publication date that this increase might occur between August and September 2025.
Brandt calls this the retaking of Bitcoin’s “parabolic trendline” – a technical chart pattern which demarcated earlier price cycles.
At today’s price, the move to Brandt’s target level of $150k would represent a return to buyers of 56%.
Hello, @scottmelker
Bitcoin will be able to regain its broken slope. $BTC By Aug/Sept 2025 the market is expected to top out at $125K to $150K and then experience a massive correction of 50% or more. pic.twitter.com/WUUzxl0ckn— Peter Brandt (@PeterLBrandt) May 1, 2025
The Technical Analysis Identifies Multiple Patterns
Brandt’s analysis of the weekly charts shows Bitcoin rising inside what he considers a wedge bullish formation. It is still in a rising long-term channel which has held the price of Bitcoin steady over the last few years.
The chart shows a number of technical patterns, such as the Head and Shoulders pattern, channels, and expanding triangles. These are all basic technical trading trends.
The Timing of the Halving Cycles
What has happened in the past is what will determine how high Bitcoin prices are predicted to be in 2025. halving events. Those halvings – reducing the rate of new Bitcoins created – were always followed by price highs 12-18 months later.
Brandt’s forecast is within the likely range of time, with the final halving taking place in April 2024. Some traders have a tendency to believe this prediction because of the association between Bitcoin’s dynamics and its supply.
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WARNING: Severe correction after Peak
The market analyst hasn’t just predicted the high. Brandt predicts that Bitcoin prices could fall by as much as 50% at the end of the cycle.
Bitcoin is a cryptocurrency. current price actions The market may show strength in the upward direction, but seasoned investors are aware that it can quickly change directions. 24/7 trading has contributed to a rapid pace of execution.
Bitcoin’s climb to $100,000 continues to attract attention both from those who have been following the market for a long time and also newcomers hoping they can cash in on another historical run.
Chart from TradingView, image from Unsplash
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Source: www.newsbtc.com
