Veteran trader Peter Brandt believes that Bitcoin (BTC) can soar to a high of $150,000 before the bull market comes to a close.
In a new blog post, Brandt says the timeline of each bull cycle has been more or less the same since 2012.
“The number of weeks from the start of each bull market cycle (the low following a 75%-plus decline) to the halving dates has been almost equal to the number of weeks from the halving dates to the subsequent bull market highs.”
If Bitcoin continues to follow the script, Brandt predicts that the current bull market will expire in August or September 2025.
As for his BTC price target, Brandt says the bull market highs since 2012 can be tracked using an inverted parabolic curve. The seasoned trader shares a chart suggesting that Bitcoin may rise to as high as $150,000 at his predicted bull market expiration date.
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