Peter Brandt predicts: Bitcoin price could reach $130,000 to $150,000 in early September 2025
Veteran trader Peter Brandt recently said that if Bitcoin follows the bull market trend after the previous halving, the price of Bitcoin could reach a cycle high of $130,000 to $150,000 by the end of August to early September 2025.
According to Brandt's analysis, Bitcoin's last bull run began about 16 months before the halving on May 11, 2020, and its cycle ended about 18 months after the halving. The previous two halvings, on July 9, 2016 and November 28, 2012, also followed a similar pattern.
Halving effect and bull market cycle
Bitcoin's halving events usually occur every four years, and historical data shows that halving events often trigger bull markets. After the halving, miners' rewards are reduced, resulting in a decrease in the supply of Bitcoin in the market, which drives up prices. Brandt believes that this pattern will reappear after the upcoming halving in 2024.
Impact of past halving events
· Halving on November 28, 2012: Before this halving, the price of Bitcoin began to rise 16 months ago and reached a cycle high 18 months after the halving;
· Halving on July 9, 2016: Similarly, this halving also experienced a rise period of about 16 months and a bull market cycle of 18 months before and after.
Based on this pattern, Brandt predicts that the Bitcoin halving in 2024 will trigger a similar bull market cycle again. If this prediction is accurate, the price of Bitcoin may reach $130,000 to $150,000 in late August to early September 2025. This prediction provides investors with important market insights, but it also needs to consider the market environment, macroeconomic factors and other factors.
Peter Brandt provides a possible price prediction based on the analysis of Bitcoin halving historical data. If Bitcoin operates according to the previous pattern, its price may reach $130,000 to $150,000 by early September 2025.
