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

Bitcoin surges after crypto ETPs notch record $2.7B weekly inflows
Tom Mitchelhill3 hours agoBitcoin surges after crypto ETPs notch record $2.7B weekly inflowsThe price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto
Tom Mitchelhill6 hours agoKyle Davies to donate future OPNX earnings to 3AC creditors for ‘karma’Three Arrows Capital co-founder Kyle Davies called it a “shadow recovery process” during a July 3 Twitter Spaces.22
Technical Analysis: Quant Climbs 20%, as Loopring Selloff Extends
Technical Analysis: Quant Climbs 20%, as Loopring Selloff Extends After earlier spells of consolidation, the tide turned on cryptocurrencies this afternoon, with markets finding th
Martin Young7 hours agoKyberSwap DEX exploited for $46 million, TVL tanks 68%The DEX aggregator has been exploited across multiple blockchains, with millions in Wrapped Ether and other assets stolen.3589 Total views9 Tot
Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency
Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the count
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse The smart contract token economy rose 5.6% against the U.S. dollar on Thursda
Japanese Police Arrest 30 People for Allegedly Having Exchanged Stolen Cryptos From the 2018 Coincheck Hack
Japanese Police Arrest 30 People for Allegedly Having Exchanged Stolen Cryptos From the 2018 Coincheck Hack Japanese police charged 30 people for their alleged i
Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars
Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports fr
Mastercard Adds Crypto Consulting Service in Latest Effort to Boost Cryptocurrency Adoption
Mastercard Adds Crypto Consulting Service in Latest Effort to Boost Cryptocurrency Adoption Payments giant Mastercard is expanding its payments-focused consulting service to includ
Atari to Launch a Crypto-Fueled Gaming Platform in the Ethereum Metaverse Decentraland
Atari to Launch a Crypto-Fueled Gaming Platform in the Ethereum Metaverse Decentraland In October 2020, the entertainment software company Atari launched a digit
PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit
PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit In just over a month’s time, The Merge is lik
JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse
JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse JPMorgan has outlined key changes it expects in the crypto industry and its regulation fol