Famous trader Peter Brandt made a Bitcoin prediction. He specifically predicted that Bitcoin would rise to $150,000 by 2025. This prediction coincides with a similar prediction made by Bernstein analysts earlier in the year. This expectation of Bitcoin’s rise came to the fore after the cryptocurrency recently recovered to $58,000. However, cryptocurrency analysts are discussing whether this recovery is a temporary relief or a permanent bull market.
Peter Brandt’s Bitcoin prediction: $150,000
Peter Brandt predicted that Bitcoin would reach $150,000 by 2025. Brandt shared a chart indicating that this price would be Bitcoin’s highest point in the current bull market cycle. Brandt, who previously made a similar prediction, drew attention to past halving cycles and emphasized that Bitcoin peaked within 16 to 18 months after each halving event.
Brandt’s prediction is also consistent with the predictions of many other analysts. In March, after Bitcoin reached an all-time high of $73,000, Bernstein analysts expressed confidence that Bitcoin would reach $150,000 by 2025. The basis for this prediction was the halving event that took place in April and the success of Spot Bitcoin ETFs. It was suggested that these factors would trigger Bitcoin’s price increase in the bull run.
Fundstrat analyst Tom Lee also predicted that Bitcoin would reach $150,000, but he noted that this price level could be seen before 2025, or even later this year. Popular crypto analysts such as Mikybull Crypto also argued that Bitcoin could reach $150,000 in the current market cycle.
There are also different views
However, not all crypto analysts are so optimistic. Some analysts, such as Justin Bennett, have suggested that Bitcoin will not reach $150,000. Bennett argued that, contrary to what many people think, halving cycles do not trigger bull markets, and that the Bitcoin price is more affected by economic cycles.
On the other hand, popular crypto analyst Ali Martinez, known as a Bitcoin bull, also brought up the possibility that Bitcoin could fall to $31,500 in the near future. Martinez stated that if Bitcoin falls below the Realized Price-to-Liveliness Ratio of $51,600, the price could fall to $31,500. According to historical data, when Bitcoin falls below this rate, a deeper price decline usually occurs.
Factors that will push Bitcoin to $150,000
As Peter Brandt and others have predicted, the halving cycle could be a major catalyst for Bitcoin to rise to $150,000. However, there are other factors that could achieve this goal. For example, the upcoming presidential elections in the US have become a major factor in the crypto market. Both Donald Trump and Kamala Harris are shaping their policies to win over crypto voters. The most popular name among crypto voters right now is former US President Donald Trump. Trump has openly stated the crypto policies he plans to implement if re-elected.
Geoff Kendrick, head of crypto asset research at Standard Chartered, emphasized that Trump’s re-election would be a very positive development for Bitcoin. Kendrick made a bold prediction in June that if Trump were re-elected, Bitcoin would reach $150,000 by the end of the year. On the other hand, Bernstein analysts predict that if Trump wins, Bitcoin could rise to $90,000. Bitcoin is currently trading at around $57,000, with trading volume reportedly up more than 47% in the last 24 hours.
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