Renowned trader Peter Brandt, who has over four decades of experience in the trading community, recently shared his analysis on the bitcoin bull market and potential price rise. In his blog post titled "The beautiful symmetry of past bitcoin bull market cycles," Brandt highlighted the remarkable symmetry that can be observed in these cycles.
Brandt pointed out that Bitcoin halvings have historically represented the halfway points of past bull market cycles. He noted that the weeks leading up to a halving and the weeks following a halving have closely matched each other in terms of timing. Based on this observation, Brandt suggested that if this pattern continues, the next peak of the bull market cycle could occur in late August or early September 2025.
Brandt acknowledged the challenges of predicting bitcoin's peak in the current bull cycle, as no analysis method is foolproof. However, he emphasized that the highs of past bull markets have aligned well with an inverted parabolic curve. Brandt marked a point on the chart to indicate the probable high date and price level. According to his analysis, the high of this bull market cycle could potentially reach the range of $130,000 to $150,000.
Despite his analysis, Brandt maintained a cautious approach to market predictions and acknowledged that there are multiple interpretations. He stated that he assigns a 25% probability to the possibility that bitcoin has already reached its peak for this cycle. He added that if bitcoin fails to achieve a decisive new all-time high and declines below $55,000, he would raise the probability of an exponential decay.
Brandt's prediction regarding the bitcoin bull market has sparked discussion among traders and enthusiasts. What are your thoughts on his analysis? Let us know in the comments section below.