The price of Bitcoin (BTC) is currently around 117,682 dollars, after falling yesterday to a local minimum of 116,953 dollars. Currently, BTC is consolidating above a key support zone at 112,000–117,000 dollars, following a strong bullish momentum in the current cycle. A recent price projection for Bitcoin made by Peter Brandt indicates that there is a 30% probability that the cycle has already reached its peak.
Brandt anticipates that, if this scenario is confirmed, the market could experience a correction towards 60,000–70,000 dollars before November 2026. Subsequently, he expects a prolonged bullish phase that could take the asset up to 500,000 dollars in the next major market impulse. This analysis is based on a Bayesian approach, assigning probabilities based on historical patterns.