$USDC Currently, a similar structure is visible, with a divergence forming slightly below the high mark of $112,000, and a projected pullback target near the 200-week EMA at around $64,000, indicating a potential decrease of 52%.

This historical setup raises doubts about Bitcoin's widely discussed target level of $150,000 by the end of 2025, especially if the divergence confirms a broader market peak similar to past cycles.

Experienced trader Peter Brandt adds further weight to this forecast.

In his analysis for May 2025, Brandt identified a rising wedge pattern and warned that Bitcoin must reclaim its parabolic trendline to stay on track for a cycle peak of $125,000–$150,000 by August or September 2025.