By September 2025, Bitcoin’s post-halving run could reach $130,000.
Bitcoin (BTC) could reach a cyclical peak of $130,000 to $150,000 from late August to early September, according to crypto trader Peter Brandt.
The recent April 20 Bitcoin halving, a coded event every four years, cut mining rewards by 50%, and the days halving “represents a perfect symbiosis in past bull market cycles,” Brandt wrote in a June 2 report.
Historically, Bitcoin's half-day sits in the middle of when the bull market starts and peaks.
The last bitcoin bull market began 16 months before the halving on May 11, 2020, and the cycle ended 18 months later, according to Brandt's analysis.
Brandt's previous two halves – on July 9, 2016 and November 28, 2012 – followed the same procedure.
“If this sequence continues, the next bull market cycle should occur in late August/September 2025,” he wrote.
Brandt added that “no analytical method is foolproof” when it comes to predicting Bitcoin's cycle highs, but that past highs have followed a similar growth pattern and if it continues like this, it could set up a bull market “in the $130,000 to $150,000 range.”
Chances are Bitcoin is already up.
Brandt's analysis shows that December 17, 2022 is the start of the current bull market. BTC then traded around $16,800, but has since gained over 300% to trade at $67,882 on Cointelegraph Markets Pro.
Related: Why Is Bitcoin Stalling While $2B in Spot ETF Flow?
Bitcoin is down from an all-time high of $73,679 on March 14. However, Brandt believes that there is a 25% chance that Bitcoin has already reached a bull market peak, as the gains of each bull cycle are reduced compared to the previous one.
If BTC fails to make a new all-time high and falls below $55,000, Brandt said the cryptocurrency will likely experience a “massive meltdown.”
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