$BTC $BTC $#Legendary Trader Peter Brandt Predicts Bitcoin Will Reach $150,000

Peter Brandt's Insight on Bitcoin

Renowned trader Peter Brandt recently sold his Bitcoin holdings for USD. In a blog post, Brandt discussed how Bitcoin halvings historically occur at the midpoint of bull run cycles. According to him, "the number of weeks from the start of each bull market cycle (the low after a drop of more than 75%) until the halving date is roughly the same as the number of weeks from the halving date to the next bull market high."

Based on this, Brandt predicts that Bitcoin (BTC) could reach $130,000 to $150,000 by Q3 2025. However, he noted that "no analytical method is perfect," and his prediction could be wrong.

When Can Bitcoin Regain Its All-Time High?

Bitcoin (BTC) reached an all-time high of $73,737 on March 14, 2024, after the US SEC approved 11 Bitcoin spot ETFs. Since then, BTC has dropped about 6.6%. Despite this correction, many analysts believe BTC will soon regain its peak.

CoinCodex predicts BTC could rise to $77,230 by June 6, 2024, and potentially reach $89,066 by the end of June. Similarly, Changelly forecasts BTC will hit $76,091 on June 5, 2024, and reach $87,730 by June 28, 2024.

Conclusion

Peter Brandt's analysis suggests Bitcoin could see significant gains, potentially reaching up to#btc #bitcoin #binance #Bitcoin❗ #BTC☀ $BTC