Cryptocurrency veteran Peter Brandt has ignited a spark of excitement in the Bitcoin community with his prediction of a potential price peak between $130,000 and $150,000 by late August or early September 2025. This optimistic forecast hinges on Bitcoin’s historical price movements following halving events.
Halving as a Compass: History Informs the Future?
Brandt, a well-known crypto trader, bases his prediction on the cyclical nature of Bitcoin price movements, particularly following the coded-in halving events that occur roughly every four years. These halvings reduce the mining reward for new Bitcoins by 50%, impacting supply and influencing price.
In a recent report, Brandt argues that past halving dates have served as a “central point” within bull market cycles. He points to the 2020 halving as an example, where the bull market began approximately 16 months before the event and peaked around 18 months after. Similar patterns were observed following the 2012 and 2016 halvings.
Following the Pattern: A Bullish 2025?
If this historical pattern holds true, Brandt suggests the current bull market, which he believes began in December 2022, could reach its peak in late summer of 2025. While acknowledging that no prediction method is foolproof, Brandt emphasizes the recurring pattern of past bull markets, potentially propelling Bitcoin towards a significant price increase.
Has Bitcoin (BTC) Already Peaked?
Brandt acknowledges a potential snag in his optimistic outlook. Despite the impressive 300% surge from December 2022, Bitcoin remains shy of its all-time high of $73,679 reached in March 2023. This shortfall raises a concern that the current bull market might have already reached its zenith. Brandt assigns a 25% chance to this scenario, citing a potential trend of diminishing gains in each successive bull cycle.
Brandt proposes a potential “exponential decay” scenario if Bitcoin fails to break its all-time high and dips below $55,000. However, his core prediction remains a bullish one, suggesting a potential price explosion towards the $130,000-$150,000 range by late 2025. Only time will tell if history repeats itself and the next Bitcoin halving cycle ushers in a new era of record-breaking prices.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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