Bitcoin: When Will the Next Bull Market Peak? Price Surge Predictions Toward $150,000

Veteran trader Peter Brandt, known for his accurate 2018 Bitcoin crash prediction, shares his latest analysis on when Bitcoin will peak in the next bull market.

With a history of almost perfect symmetry around Bitcoin halving events, Brandt predicts that Bitcoin could reach between $130,000 and $150,000 by late August 2025.

Dive into his comprehensive analysis and learn about the potential future movements of Bitcoin's price.

Peter Brandt Shares His Views on "BTC Peak"

Veteran trader Peter Brandt shared his thoughts on when the Bitcoin price will peak in the next bull market on June 2, 2024.

Peter Brandt is a well-known veteran trader, famous for accurately predicting the Bitcoin crash in 2018. As of the time of writing, he has over 729,000 followers on X.

Given the tendency of BTC prices to crash after hitting all-time highs in bull markets following the halving event, cryptocurrency investors are keen to know, "When will Bitcoin peak in this bull market?" Peter Brandt addressed this question in his blog post on June 2, 2024.

Bitcoin Halving as the Midpoint of Bull Markets?

In his latest post, Peter Brandt noted that "Bitcoin halving has shown almost perfect symmetry in past bull market cycles," explaining that "the number of weeks from the start of each bull market cycle (after a drop of more than 75%) to the halving, and from the halving to the subsequent bull market peak, are almost equal."

The image above is a weekly BTC/USD chart from 2010 to 2024 that Brandt shared in his post.

In the chart, arrows indicate the timing of each halving, the number of weeks from the start of each bull market cycle to the halving, and the number of weeks from the halving to the subsequent bull market peak (marked by blue horizontal arrows).

The weeks listed in the chart show that, as Brandt described, the number of weeks before and after the halving are almost identical (55 weeks and 51 weeks in the first cycle, 76 weeks and 76 weeks in the second, 71 weeks and 78 weeks in the third).

This suggests that "halving is the midpoint of each bull cycle," and since there was a 70-week bull market before the 2024 halving, it is predicted that the bull market could continue for 70 weeks after the halving as well.

$130,000 to $150,000 Around August 2025?

Peter Brandt predicts that "if the number of weeks before and after the halving are the same in this bull market, Bitcoin should hit its peak price around late August to early September 2025."

Regarding how high the Bitcoin price could go, he comments, "Considering past data, the peak price in this bull cycle could be in the range of $130,000 to $150,000."

Thus, summarizing his predictions: "Bitcoin could reach its highest price in the range of $130,000 to $150,000 around late August to early September 2025" (indicated by the black crosses in the chart).

Possible Future Decline Also Explained

Brandt emphasized in his post that "no analytical method is certain," explaining, "As a trader, I avoid being dogmatic about any perspective."

In an April blog post, he explained that "the Bitcoin bull market cycle has been losing momentum over the years," suggesting that BTC prices could drop to $30,000.

The current post maintains this view, adding, "I still consider the probability of Bitcoin reaching its peak in this cycle to be 25%."

He also noted that if Bitcoin fails to break its all-time high and falls below $55,000, the likelihood of exponential decay, as discussed in the previous post, increases.

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