Veteran trader Peter Brandt believes Bitcoin (BTC) can soar to a high of $150,000 before the bull market ends.
In a new blog post, Brandt says the timeline of every bull cycle since 2012 has been more or less the same.
“The number of weeks from the start of each bull market cycle (the low after a decline of more than 75%) to the halving dates is almost equal to the number of weeks from the halving dates to the subsequent bull market highs.”
If Bitcoin continues to follow the script, Brandt predicts the current bull market will expire in August or September 2025.
As for his BTC price target, Brandt says the bull market highs since 2012 can be tracked using an inverted parabolic curve. The veteran trader shares a chart that suggests Bitcoin could rise to $150,000 at the predicted bull market expiration date.
But Brandt warns that his analysis is not watertight. He also says there is a 25% chance that BTC has already pushed the top for this cycle.
“Should Bitcoin fail to reach a decisive new ATH (all-time high) and fall below $55,000, I will increase the likelihood of exponential decay.”
The trader defines exponential decay as BTC to lose about 80% of its exponential energy after each successful bull market.
At the time of writing, Bitcoin is trading at $69,083.
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