The biggest Bitcoin critic and veteran trader Peter Brandt has shared a bold price prediction. According to him, if Bitcoin can regain the broken parabolic trend line, it could soar to the cycle peak from $125,000 to $150,000 in August or September 2025. But Brandt also warns that afterward, Bitcoin might face a more severe correction of over 50%.

A parabolic recovery could lead to a price surge of $125,000 - $150,000

Yes, you read that right, Bitcoin could be on the path to achieving six-figure prices. The chart shared by Peter Brandt highlights a red curve, representing the long-term parabolic trend that has supported Bitcoin's largest bull runs in the past.

However, Bitcoin has recently dropped below this curve, raising doubts about whether it can regain strong upward momentum.

As of now, Bitcoin is fluctuating around $96,797, with the 18-week moving average (WMA) near $89,027 and the simple moving average (SMA) around $86,052.

If Bitcoin can bounce back above the broken parabolic curve, Brandt sees a clear path towards his price target of $125,000–$150,000 in August and September 2020.

Additionally, the chart also includes a red dot around the $130,000 level, marking a potential cycle peak if the parabolic strength returns.

From $96,000 to $150,000… Then a 50% drop?

Brandt warns that after reaching the anticipated high, Bitcoin could face a correction of 50% or more, consistent with past cyclical behavior. A 50% drop from $125,000–$150,000 would bring BTC back to around $62,000–$75,000.

So, while the upward trend is exciting, the risk of volatility is also real. This kind of correction has happened before, and Brandt expects history to repeat itself.

What about the price target of 1 million dollars?

After Brandt's tweet, a user raised an important question: Could Bitcoin reach 1 million dollars if it remains on this long-term curve?

Brandt responded bluntly:

The only scenario that could change is a sudden collapse of the USD, which could cause a surge through the upper curve – similar to interest rates in Germany in the 1920s.

Simply put, Brandt believes that for Bitcoin to break through this long-term channel and aim for the $1 million target, an extreme event is needed, such as the collapse of the US dollar or a major global financial disruption. On the other hand, the chart suggests that this level may still be out of reach in the current trend.