Fun

How High Can Bitcoin Go In 2025? Legendary Trader Reveals

News Feed - 2024-11-08 01:11:46

Este artículo también está disponible en español.


Legendary trader Peter Brandt, with nearly five decades of experience in trading since 1975, has shared a bullish forecast for the Bitcoin price trajectory in 2025. Taking to X, Brandt stated: “Bitcoin $BTC is now in the sweet spot of the bull market halving cycle that should top in the $130k to $150K range next Aug/Sep. I measure cycles differently than most.” How High Can Bitcoin Go In 2025?


Brandt’s analysis is rooted in the historical patterns observed in Bitcoin’s halving cycles. His chart, covering Bitcoin’s price action from early 2022 with projections into 2026, highlights two significant periods of 518 days each. These periods represent critical phases in Bitcoin’s market behavior, representing the cyclical nature of its price movements. Bitcoin price prediction | Source: X @PeterLBrandt


A notable technical pattern identified in his chart is the breakout from a broadening wedge. This formation, characterized by diverging support and resistance lines, suggests increasing market volatility as prices make progressively higher highs and lower lows. The successful breakout from this pattern is considered a strong bullish signal. Related Reading CNBC Projects Bitcoin Could Hit $100,000 Before Presidential Inauguration – Details 13 hours ago


In a detailed blog post from June titled “The Beautiful Symmetry of Past Bitcoin Bull Market Cycles,” Brandt elaborated on the significance of halving events. He observed that the halving dates have “represented the half-way points of past bull market cycles,” showing an almost 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 the subsequent bull market highs.


Based on this symmetrical pattern, Brandt posits that if the sequence continues, “the next bull marketcycle high should occur in late Aug/early Sep 2025.” He suggests that the highs of past bull markets align well with an inverted parabolic curve, and if this tendency persists, “the high of this bull market cycle could be in the $130,000 to $150,000 range.” Related Reading Economist Predicts ‘Blow-Off Top’ For Bitcoin At $123,000 Post-Trump Win 1 day ago


Despite his optimistic projection, Brandt maintains a cautious stance. He emphasizes that “no method of analysis is fool-proof” and admits to avoiding being “dogmatic about any idea.” While this view is his preferred analysis, he acknowledges it is not his only interpretation. Brandt notes that he continues to place a 25% probability that Bitcoin’s price has already topped for this cycle. Should Bitcoin fail to make a decisive new all-time high and decline below $55,000, he would raise the probability of an “Exponential Decay.”


The crypto community has been actively engaging with Brandt’s analysis. Popular crypto analyst Astronomer (@astronomer_zero) responded on X, agreeing with Brandt’s top estimation and highlighting the importance of accurately calling the market top. Astronomer remarked: “I think you’re spot on with that top estimation Peter! As for calling the bottom, now it is our duty to call the top ideally in one single try. The terminal price does that very well. I have 6 other metrics in place. If they all line up, it is a sell. Location at $160,000.”


In a further exchange, an X user inquired about the implications for the Bitcoin to gold (BTC/GLD) ratio, suggesting it might imply a much higher price. Brandt responded, “Eventually, yes. But let’s take one step at a time without become too dogmatic.”


At press time, BTC traded at $74,940. Bitcoin price, 1-day chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

News Feed

Dogecoin Poised For $0.1491 Breakout As RSI Reveals Bullish Potential
Este artículo también está disponible en español. Dogecoin is showing strong signs of a potential breakout, with technical indicators aligning for a possible move toward
World Record Egg’s two crypto tokens smell kind of bad
Yohan Yun11 hours agoWorld Record Egg’s two crypto tokens smell kind of badAfter reaching a $150 million market cap, the egg token’s dream has become costly for some investors.19299 Total views3 Total sharesListen to
Software Firm Consensys Partners With Paypal, Metamask Users Can Use Payment Processor to Buy ETH
Software Firm Consensys Partners With Paypal, Metamask Users Can Use Payment Processor to Buy ETH On Dec. 14, the Ethereum software firm Consensys announced that the company has te
Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey
Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’
US Lawmakers Introduce Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender
US Lawmakers Introduce Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador
Lysander Spooner: Natural Law – The Science of Justice
Lysander Spooner: Natural Law - The Science of JusticeThe science of mine and thine – the science of justice – is the science of all human rights; of all a man’s r
William Suberg9 hours ago$48K is now ‘reasonable’ BTC price target — DecenTrader’s FilbfilbBitcoin is bouncing back, and despite the risk of a pre-halving dip, BTC price action is on track for upside, Filbfilb sa
DeFi Technologies adopts Bitcoin treasury strategy
Vince Quill3 hours agoDeFi Technologies adopts Bitcoin treasury strategyThe publicly listed Canadian company announced the purchase of 110 BTC and repayment of $5 million in debt by its subsidiary, Valour.1313 Total view
Robert Kiyosaki Discusses Why Gold, Silver, Bitcoin Are Rising Higher
Robert Kiyosaki Discusses Why Gold, Silver, Bitcoin Are Rising Higher The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has shared his view on why the
Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits
Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits Australian tax agents have set out to close a gap they say costs the state several billion
KuCoin responds to claims of user funds being locked
Ezra Reguerra10 hours agoKuCoin responds to claims of user funds being lockedA KuCoin representative told Cointelegraph that it is already communicating with users to resolve the cases reported on Reddit.2850 Total views