When will BTC rise to $150,000?

Veteran trader Peter Brandt recently published a blog post highlighting how Bitcoin’s (BTC) decline is at the midpoint of past bull cycles. Brandt stated that “the number of weeks from the start of each bull cycle (the low after a 75%+ decline) to the halving date is almost equal to the number of weeks from the halving date to the subsequent bull run high.”

Furthermore, based on the above analysis, Brandt predicts that Bitcoin (BTC) will be as high as $130,000 to $150,000 by the third quarter of 2025, which is a little over a year. However, the trader noted that “no analytical approach is foolish.” Therefore, his prediction could be wrong. Nonetheless, “it should be noted that the highs of past bull runs have been very consistent with inverted parabolas.”

When will Bitcoin (BTC) recover to its all-time highs?

BTC hit an all-time high of $73,737 on March 14, 2024. The surge was driven by the SEC’s decision to approve 11 spot BTC ETFs (exchange-traded funds). BTC’s price has fallen by about 6.6% since its peak in March. Despite the pullback, many analysts expect BTC to reclaim its all-time high soon.

Also Read: Goldman Sachs Says Bitcoin ETF Approval Is a ‘Psychological Turning Point’

According to CoinCodex, Bitcoin (BTC) could surge to $77,230 on June 6, 2024. Moreover, the platform predicts that BTC will continue to rise throughout the month. CoinCodex expects BTC to reach $89,066 by the end of the month. Reaching $89,066 from current levels would translate into a growth of about 29%.

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