BTC could reach 125,000-150,000 by the end of summer to early autumn 2025, if it returns above $100,000. This conclusion was reached by the renowned cryptocurrency market analyst Peter Brandt.
He published an updated weekly chart of BTC with a key assumption: if the price can return to the previously broken parabolic trajectory, the market could reach the peak of the cycle as early as August-September of this year.
Currently, #BTC is trading within a wedge (Wdg), and returning to the parabolic curve will require a breakout of resistance around the mentioned $100,000.
At the same time, after reaching the peak, Brandt expects a correction of more than 50%.
So far, Brandt's technical scenario remains bullish - again, provided that #BTC can establish itself above the critical resistance zone and return to the parabola.
At the end, Brandt adds:
"Although I am less concerned about fundamental factors, the only scenario that could change everything is a sudden destruction of the US dollar, which could lead to a hyper-break above the upper curve, similar to interest rates in Germany in the 1920s."