Veteran Analyst Brandt Issues New Bold Prediction for When Bitcoin Will Hit $120K to $150K
Bitcoin has shown a strong start to the new month, breaking into the $96,500 level and inching closer to the long-lost $100K threshold.Amid this promising movement, renowned market veteran Peter Brandt issued a bold projection for the crypto firstborn. In a tweet just hours ago, Brandt argued that BTC could reach a cycle top between $125,000 and $150,000 by August or September 2025, essentially the third quarter of this year.Brandt believes this outlook is achievable provided Bitcoin reclaims its previously broken parabolic trendline. He shared a long-term weekly chart analysis highlighting Bitcoin's historical price patterns and technical formations. According to the chart, BTC is climbing within a bullish wedge formation and remains inside a multi-year ascending channel. If the momentum is sustained, this suggests a continuation of the uptrend.Bitcoin Target Range Hinges on Parabola ReclaimEssentially, Brandt stressed the importance of Bitcoin regaining its parabolic trajectory, an upward curve that has defined previous bull cycles. Specifically, the curve defined Bitcoin's peak in the 2021 season.A successful reclaim could propel BTC to the red zone marked on his chart, between $125K and $150K. In Brandt's view, this could be the final leg of this cycles bull run. Notably, with Bitcoin trading around $96,000, the road to $150K would represent a 56% gain from current levels.Further, the chart also identified multiple classic technical patterns such as Head & Shoulders (H&S), Channels (Chnl), and Expanding Triangles (Exp). All of these formations historically preceded major price movements for Bitcoin, both bearish and bullish.
Text source: The Crypto Basic
