Bitrabo Editorial
Trader Peter Brandt’s analysis provides insight into the potential movements of the Bitcoin price in the upcoming months. The analysis considers Bitcoin’s historical price patterns during bull market corrections post-2025, along with its performance in previous halving cycles. This analysis is crucial as Bitcoin faces a critical moment, determining whether it will break out of the recent price correction or extend it further.
Predicting Market Highs and Lows
Following a strong bullish trend in the first half of the year, Bitcoin entered a correction phase in the second week of June, leading to a drop from its all-time high of $73,737 to below $54,000. The significant correction has raised questions among traders regarding whether Bitcoin has already reached its peak for this cycle. To estimate the potential peak of the current market cycle, Peter Brandt examined past cycles and corrections to offer a rough projection of future price action.
Brandt shared data on social media showing that Bitcoin has experienced an average correction of 20% from weekly highs during the ongoing bull cycle, with the current 27% correction being the most substantial so far. Spanning from November 21, 2022, to 2025, the current cycle started at $15,460. Brandt’s analysis suggests that Bitcoin could potentially reach a peak in August 2025, approximately 1.5 years post the 2024 halving. While the exact peak price remains uncertain, Brandt has previously hinted at a possible peak of $150,000 during this cycle.
Future Outlook for Bitcoin
Brandt’s cycle analysis provides a data-driven perspective on when the current bull run might culminate before a subsequent bear market phase. However, accurately predicting market highs and lows is a challenging task, even for experienced traders like Brandt, given Bitcoin’s history of defying expectations and its inherent volatility.
Currently, Bitcoin is trading at $57,840, marking a 7.96% decline over the past week. Recent price action indicates that BTC bulls have managed to prevent further declines since July 5, although they face significant resistance just above the $58,000 mark.