One of the most respected participants in the crypto community, a popular trader and analyst Peter Brandt believes that Bitcoin still has a growth supply. He shared the forecast of the movement of the cryptocurrency course with his subscribers.
According to the analyst, Bitcoin will be able to establish a maximum of bullran at the end of summer or early autumn 2025. After a deep correction will follow. He published details of the forecast in X.
According to Peter Brandt, who previously managed to correctly predict many BTC movements, including cryptosim 2018, several months remains before the denouement of the bull market. This is what the forecast and conditions for its implementation were given by the analyst:
Brandt accompanied his post with a schedule with a marking. The following technical patterns are noted:
- Parab / Parabola – Parabolic growth sections that indicate an accelerating movement upward. Historically, such phases ended with strong corrections.
- H&S (Head and ShOULDERS) And Inverted H&S – Classic reversal models “Head and shoulders” and their inversions. The first signals a possible decrease, the second – about a turn up.
- DT (Double Top) And DB (Double Bottom) – Figures of the double peak and double bottom, also indicating the turn of the trend.
- ST (Symmetrical Triangle) – A symmetrical triangle, often precedes a sharp movement of the price.
- Chnl (Channel) – The price channel in which the movement of the asset took place in a certain period.
- Exp (Expanding Triangle) – An expanding triangle is characterized by an increase in volatility.
- R (Resistance) – Resistance level.
- WDG (Wedge) – The formation of a wedge, which often portends a turn.
According to the current structure of the graph, we can conclude that bitcoin completes the formation of an ascending wedge. With a breakdown and a return to a previously broken parabolic line, the price can reach a zone of $ 125,000–150,000 by August – Saturday 2025. This level is marked on the graph as the target point of completion of the bull cycle. After that, Brandt warns, more than 50%is possible.
The forecast of Peter Brandt agrees with Trader Scott Melker, known in the crypto community under the nickname The Wolf of All Streets.
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Source: Cryptocurrency
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