Experienced trader Peter Brandt has indicated that the price of Bitcoin may reach a maximum of $150,000 during this cycle, while also cautioning about a possible decline of over 50% in $BTC value.
Brandt's recent forecast has ignited conversations regarding Bitcoin's price trajectory, suggesting it could attain $150,000 by 2025.
While this optimistic outlook has generated enthusiasm among investors, some consider this target to be somewhat cautious.
Additionally, Brandt has issued a warning about a potential crash in BTC following the peak of this cycle.
Peter Brandt Predicts Bitcoin Price’s Cycle Peak
In a recent update on X, Peter Brandt made a daring forecast, indicating that the price of Bitcoin may reach its bull cycle peak by August or September 2025.
He emphasized that BTC must regain its 'broken parabolic slope.' Brandt believes that if this pattern is maintained, the leading cryptocurrency could reach a value between $125,000 and $150,000 in the ongoing cycle.
Notably, what piqued the interest of investors is Brandt's prediction of a potential BTC decline exceeding 50% after it attains its peak.
Additionally, he mentioned analyst Scott Melker, known as The Wolf of All Streets, in his post. Melker's response indicated his endorsement of Brandt's perspective, igniting conversations within the market.
Nonetheless, certain cryptocurrency enthusiasts consider this target to be lackluster.
With Bitcoin's present momentum and increasing institutional interest, many are optimistic that the cryptocurrency could achieve significantly greater heights.
In parallel, Robert Kiyosaki, the author of Rich Dad Poor Dad, has recently forecasted that the price of Bitcoin could reach as high as $200,000 by 2025.
His optimistic viewpoint highlights the widening gap between cautious forecasts and more aggressive expectations.
BTC Hits Multi-Month High
The price of Bitcoin has reached a new peak since February, surpassing the $97,400 threshold within the last 24 hours.
At the time of this report, it stabilized at $96,790, with a trading volume of $33.16 billion. Additionally, the open interest in $BTC futures increased by nearly 8%, indicating robust market confidence in the asset.
Furthermore, the US Spot BTC ETF regained traction on April 1 after a short hiatus, accumulating approximately $422 million in total.
Given these recent market developments, it appears that the leading cryptocurrency may continue its upward trajectory in the forthcoming days.
Moreover, a recent prediction for BTC prices suggests that the cryptocurrency is on track to reach $100,000 soon.
However, considering Brandt's expertise and Scott Melker's endorsement of this forecast, investors are advised to conduct thorough research before making investment decisions.
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