According to Peter Brandt, Bitcoin continues its upward trajectory with a potential cycle peak predicted to be between $125,000 and $150,000 in August or September 2025. As of May 1, 2025, BTC is trading at $96,397, recording a weekly gain of 2.80%. Technical indicators show strong momentum, with both the 8-week simple moving average and the 18-week weighted moving average trending upward. Furthermore, the price is near a significant horizontal resistance level around $100,000. If Bitcoin regains the broken parabolic slope, a strong bullish rally could continue, pushing it to a long-term cycle peak.
Major patterns are targeting a continued upward trend
Since mid-2017, Bitcoin has formed a series of technical patterns defining its macro trend. From late 2018 to early 2020, BTC moved within a descending triangle. Eventually, it broke out, followed by a large Head and Shoulders (H&S) pattern in 2020 that initiated a parabolic move. That bullish rally peaked in April 2021.
After the bullish rally, a Double Top (DblT) formed, marking the beginning of a deep correction lasting until the end of 2022. During this period, a Descending Channel (Chnl) structure appeared. Subsequently, a second Head and Shoulders pattern developed in mid-2022, pushing the price higher. Higher lows and strong support levels established a stable bullish trend.
The structure remains intact despite the volatility
By early 2024, Bitcoin formed an Expanding Triangle (Exp), often associated with increased volatility. Resistance levels have been tested multiple times and ultimately broken, confirming a bullish breakout. At the beginning of 2025, a Wedge (Wdg) has developed, serving as a consolidation pattern.
Additionally, Bitcoin continues to trade within a long-term ascending channel. Two red trendlines frame this structure, guiding the overall macro trend. A parabolic curve intersects the upper boundary, aligning with the expected target of around $130,000. A red dot marks a potential high above $120,000, consistent with the channel peak.
Furthermore, the trading volume remains unchanged at over 234,000 BTC. The average true range (ATR) is 9,670, indicating increased volatility. The average directional index (ADX) is 23.75, showing moderate trend strength.
