How High Can Bitcoin Go In 2025? Legendary Trader Reveals
07 Novembro 2024 - 1:00PM
NEWSBTC
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. 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 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 market cycle 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 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. Featured image
created with DALL.E, chart from TradingView.com
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