Bitcoin Poised for Major Rally, Analyst Predicts Peak Between at $150K by 2025

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Cryptodnes2024/11/07 23:11

By:Cryptodnes

With Bitcoin reaching new heights following Trump's victory in the presidential race, investors are speculating on how much further the cryptocurrency will climb and when it might peak.

Veteran analyst Peter Brandt, with 50 years of experience as a trader an market expert, believes Bitcoin is positioned for a significant rally.

He forecasts that the cryptocurrency could hit a peak of between $130,000 and $150,000 by mid-2025, around the time of the next halving event.

Bitcoin $BTC is now in the sweet spot of the bull market halving cycle that should top in the $130k to $150K range next Aug/Sep. I measure cycles differently than most. For background see link here: https://t.co/XWxS0kT4pO pic.twitter.com/3oDYzIQf69

— Peter Brandt (@PeterLBrandt) November 6, 2024

Brandt, sharing his analysis on X, emphasized that Bitcoin is currently in the ideal phase of its market cycle, leading up to the halving.

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Drawing from historical trends, he pointed out that Bitcoin’s price typically experiences similar growth patterns both before and after halving events, suggesting a possible peak in August or September 2025.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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