Famous analyst Peter Brandt has suggested that the long-awaited Bitcoin halving rally may have begun. Brandt believes that BTC has entered a strong uptrend and could reach record highs by 2025.
Could the Bitcoin Halving rally begin soon?
Commodity expert Peter Brandt has attracted attention with his recent statement that the post-halving rally of Bitcoin may have begun. According to Brandt, the expanding triangle pattern that has developed over the past five months has finally concluded.
He pointed out that the series of lower highs and lower lows, occurring since March, seems to have ended, signaling a potential new bullish phase for Bitcoin. However, Brandt emphasized the importance of sustainable price momentum to support this rally.
As of today, Bitcoin has reached a daily high of $71,540, although it has since made a slight adjustment to around $71,090, according to CoinGecko.
Bitcoin's path towards an all-time high in 2025
In a forecast from June, Brandt predicted that Bitcoin could reach an all-time high in September 2025, sparking discussions across the market. Based on previous bullish market cycles, Brandt estimates BTC could surge to $150,000 in the coming years.
However, he reminds investors that these targets come with risks and remain probabilities, adding that, "There is always room for error in analysis; I never overlook risk management."
Bitcoin remains the main asset for optimistic investors
Brandt also emphasized that Bitcoin may be on the verge of "the most anticipated and hoped-for breakthrough in history." He noted that long-term buy positions for Bitcoin currently represent one of the largest speculative positions in the market.
Meanwhile, market experts suggest that the recent rise of Bitcoin is primarily due to strong investor interest in spot ETFs. Continuous cash flow into spot ETFs over the past five days continues to support positive sentiment in the market. Turkish NY radio will continue to monitor these developments as Bitcoin's price surge occurs.
