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ZyCrypto 2025-05-02 08:33:14

Legendary Analyst Predicts Bitcoin’s Rally To $150,000 By September As BTC Price Tops $97,000

Legendary Analyst Predicts Bitcoin’s Rally To $150,000 By September As BTC Price Tops $97,000

Bitcoin briefly rocketed past the $97,000 mark as May opened, hitting levels not seen since February’s painful meltdown when President Donald Trump’s aggressive U.S. tariffs started to trigger corrections. The leading cryptocurrency has jumped over 20% from its February low of $78,900 and 28% from early April’s $75,000 bottom. Bitcoin, inching closer to the long-lost $100,000 threshold today, has awakened the bulls, with legendary trader Peter Brandt predicting that Bitcoin could be gearing up for a fresh shot at smashing all-time highs. He sees BTC potentially reaching $150,000 by September — but there is a catch. Why Bitcoin Could Be Ready For A Bullish Breakout To $150K BTC’s bullish structure has transpired from a short-term to a long-term outlook, and one prominent market analyst believes that a six-figure price target will be attained sooner rather than later. In a recent post on X, Peter Brandt shared a long-term weekly Bitcoin price chart showing a parabolic arc pattern, which typically signals quick price changes. A similar scenario played out in 2017, when BTC skyrocketed to a then-record high of $20,000 before slumping. The pattern also defined Bitcoin’s peak in 2021, when the crypto smashed a historic high of $69,000. Now, the veteran trader thinks that if Bitcoin succeeds in reclaiming the broken parabolic slope, there’s a high chance it could hit at least $125,000 by August/September this year or even move higher toward the $150,000 mark. After roughly 50 years of trading and essentially seeing everything in the finance world — implosions, hype, crises, Ponzi schemes, the emergence of behemoths such as Apple and Nvidia — Brandt’s opinion definitely carries a lot of weight. With Bitcoin currently hovering around $97,010, the road to the pundit’s $150,000 target would represent an explosive rally of over 55%. A 50% Bitcoin Price Correction May Ensue Although the bullish scenario certainly gives speculators some hopium, Brandt also cautions of what comes after the euphoria: a painful pullback. Brandt’s expects an over 50% drawdown following the cycle peak. This could pull Bitcoin back to the $60K–$75K range, which would align with historical retracements in previous cycles.

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