Veteran trader and prominent Bitcoin critic Peter Brandt has issued a noteworthy price forecast for the leading cryptocurrency. In a recent analysis, Brandt suggests that if Bitcoin can successfully reclaim its breached long-term parabolic trendline, it could experience a significant surge, potentially reaching a cycle peak between $125,000 and $150,000 by August or September 2025. This bullish outlook, however, comes with a stark warning of a subsequent sharp correction.
Parabolic Rebound as Catalyst for Six-Figure Bitcoin Price Target
Brandt’s analysis hinges on Bitcoin’s ability to recapture a crucial parabolic trendline that has historically supported its major bull runs. A chart shared by the seasoned trader illustrates this long-term upward trajectory. Despite recently falling below this key level, Brandt believes a strong rebound could pave the way for a substantial price rally.
Currently trading around $96,797, Bitcoin is being closely watched in relation to its 18-week moving average (WMA) at approximately $89,027 and the simple moving average (SMA) near $86,052. According to Brandt, a decisive move back above the broken parabolic curve would clear a path towards his projected $125,000 to $150,000 target within the next few months. His analysis even points to a potential cycle top around the $130,000 mark if this parabolic strength is regained.
Looming 50% Correction Post-Peak: A Repeat of History?
While the prospect of a six-figure Bitcoin price is generating excitement, Brandt cautions investors to brace for a significant downturn. He predicts that following the anticipated peak, Bitcoin could face a sharp correction of 50% or even greater. This expectation is rooted in historical patterns observed in previous Bitcoin market cycles, where substantial rallies have often been followed by deep retracements.
Hey @scottmelker
— Peter Brandt (@PeterLBrandt) May 1, 2025
If Bitcoin can regain the broken parabolic slope then $BTC is on target to reach the bull market cycle top in the $125k to $150K level by Aug/Sep 2025, then a 50%+ correction pic.twitter.com/WUUzxl0ckn
Applying this potential 50% drop to the projected $125,000 to $150,000 range would see Bitcoin fall back to levels between $62,000 and $75,000. Brandt emphasizes that this level of volatility is inherent in the cryptocurrency market and advises investors to be prepared for such a scenario.
Also Read: Bitcoin Bulls Eye $97K as Gold Retreats 8% From Highs
Unlikely Path to $1 Million Without Extreme USD Weakness
In response to questions about Bitcoin potentially reaching the $1 million mark within the current long-term trend, Brandt offered a more conservative perspective. He stated that the only plausible scenario for Bitcoin to break significantly above its current upper trendline and achieve such an ambitious price target would be a “sudden destruction of USD,” leading to a hyperinflationary event similar to historical examples like Germany in the 1920s.
Without such a drastic global financial upheaval, Brandt’s analysis suggests that Bitcoin is likely to remain within its established long-term channel, making a $1 million valuation an improbable outcome under normal circumstances. His forecast highlights the potential for significant gains in the short to medium term, coupled with a strong warning about the inherent volatility and potential for substantial corrections in the cryptocurrency market.
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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