Bitcoin Legend Predicts Possible $150,000 Peak by 2025

With his latest chart, trading expert Peter Brandt has given Bitcoin fans new hope. Despite recent price drops, Brandt’s analysis suggests Bitcoin could still make a big jump. The famous trader’s new chart shows BTC might reach about $150,000 by late 2025. This matches what Brandt said about Bitcoin’s price during this bull run. Another well-known Bitcoin analyst, Tuur Demeester, agrees this could happen.

Source: X Post

Bitcoin’s price fell to $52,000 on September 6 but bounced back to $58,070 on August 9 on the Bitstamp exchange. Recently, Brandt warned about some worrying signs for BTC. He pointed out a pattern of lower highs and lower lows. After Bitcoin’s price drop, the market mood turned very hostile. The “Fear and Greed” indicator showed “extreme fear” among investors.

Now, things are looking up. Bitcoin seems ready to pass $60,000 again, and many analysts are reiterating their positive price predictions. Still, BTC needs to climb more to end September on a high note. It’s been down 3.5% since the month began.

Brandt’s Bitcoin View: Cautious Now, Bullish Future

Brandt doesn’t think Bitcoin is forming a bullish pattern called an inverse head-and-shoulders. But he says there might be other reasons to be hopeful about the chart. As the market mood improves, investors are watching closely. They want to see if Bitcoin can reach new heights soon.

It’s important to remember that the crypto market can change quickly. While experts like Brandt make predictions, no one knows what will happen for sure. Brandt’s reputation in the trading world makes people pay attention to his ideas. His long-term view suggests BTC could still have a bright future despite short-term ups and downs.

For now, Bitcoin fans are feeling more optimistic. They’re hoping Brandt’s prediction of a $150,000 Bitcoin by late 2025 will come true. Only time will tell if this bold forecast becomes reality. As always, investors should be careful and research before making decisions. The crypto world is exciting, but it can also be very risky.

Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risk.