Bitcoin Could Surge 50% to $150,000 by 2025, Says Veteran Trader

Veteran trader Peter Brandt has made a bold prediction regarding the future price of Bitcoin. According to Brandt, if Bitcoin manages to reclaim its broken parabolic trendline, it could surge to a cycle peak between $125,000 and $150,000 by August or September 2025. This prediction is based on the assumption that Bitcoin will regain the broken parabolic slope, which has been a significant resistance level for the cryptocurrency. Brandt also warns that this peak could be followed by a correction of 50% or more, consistent with past parabolic pattern behavior.

Brandt's prediction is not the only optimistic outlook for Bitcoin. Market analysts have also suggested that Bitcoin could reach between $125,000 and $150,000 by late 2025, although a significant correction may follow such a peak. This optimism is driven by the increasing institutional adoption of Bitcoin, which has led to a surge in demand for the cryptocurrency. Institutional investors view Bitcoin as a hedge against geopolitical tensions and economic uncertainty, which has contributed to its recent price gains.

Bitcoin has shown resilience in the face of global economic concerns, with a 2% gain in 24 hours and a recent 13% increase in price. The cryptocurrency is currently priced around $97,000 and is facing consolidation around the $96,000 to $99,000 range before potentially testing the $100,000 mark. This consolidation is expected to continue as Bitcoin approaches the $100,000 psychological barrier, which has been a significant resistance level for the cryptocurrency.

The increasing institutional adoption of Bitcoin has led to concerns that retail investors may soon be priced out of the market. Experts suggest that Bitcoin could exceed $1 million by 2029, driven by institutional demand. However, this demand may not significantly move the spot price, as it reflects a reallocation of existing exposure within the Bitcoin ecosystem rather than new demand. According to the analyst's forecast, really price-moving capital has to come from sources outside the present Bitcoin ecosystem.

Despite the optimism surrounding Bitcoin, investors should be wary of the notable opposition ahead and the likelihood of consolidation before any long-term increase beyond $100,000. Volatility is expected, especially when Bitcoin approaches these historically significant price levels. However, the basis for Bitcoin to test new all-time highs in the next months might include institutional adoption, lowered selling pressure from long-term holders, and good macroeconomic conditions.

Brandt's prediction of a $1 million price target for Bitcoin is considered highly unlikely under normal market conditions. According to Brandt, such a price would require an extreme event, such as a collapse of the U.S. dollar or major global financial disruption. This scenario is not expected to occur within the current trend, suggesting that Bitcoin's price may remain within the long-term upper curve for the foreseeable future.