Bitcoin (BTC) may reach a peak of $130,000 to $150,000 between late August and early September if it continues to follow the pattern of previous post-halving bull markets, as suggested by crypto trader Peter Brandt.
The recent Bitcoin halving on April 20 occurs approximately every four years and cuts mining rewards in half. Brandt’s analysis indicates that halving dates have historically aligned with the midpoint of bull market cycles.
According to Brandt, the last bull market for Bitcoin began about 16 months before the halving in May 2020 and ended about 18 months after. This pattern was also observed in the previous two halvings on July 9, 2016, and Nov. 28, 2012.
Brandt predicts that if this trend continues, the next bull market cycle high could be expected in late August or early September 2025. While he acknowledges that no analysis method is foolproof, historical data suggests a potential peak in the range of $130,000 to $150,000.
Brandt identified December 17, 2022, as the start of the current bull market, with Bitcoin trading around $16,800 at that time. Since then, BTC has surged over 300% to reach $67,882.
Despite hitting an all-time high of $73,679 on March 14, Bitcoin has seen a decline. Brandt believes there is a 25% chance that the cryptocurrency has already reached the peak of the bull market, as gains from each cycle are diminishing compared to the previous one.
If Bitcoin fails to surpass its previous all-time high and drops below $55,000, Brandt suggests that the cryptocurrency may be experiencing a phase of “exponential decay.”
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