Bitcoin trader says BTC’s cycle top in $125K to $150K range if certain conditions are met
Key takeaways:
Bitcoin could reach $150,000 by August or September of this year if BTC breaks above the parabolic slope pattern.
Bitcoin (BTC) price jumped to new quarterly highs at $96,700 on May 1, a day after the US GDP contracted -0.3% for the first time since Q2 2022. Amid heightened economic concerns, the probability of a Federal Reserve interest rate cut rose to 62.8% for the June 18 Federal Reserve meeting.
Over the past 24 hours, short position liquidations exceeded $137 million, with Alphractal founder Joao Wedson observing that BTC’s price momentum continues to favor bullish trends.
Bitcoin aggregated liquidation heatmap. Source: X.com
Peter Brandt predicts a $150K Bitcoin top by Q3
In a recent post on X, veteran trader Peter Brandt forecasted a Bitcoin price rally, potentially reaching $125,000 to $150,000 by August or September 2025. The trader predicted a parabolic arc pattern in Bitcoin’s price chart—a technical formation often signaling rapid rises followed by sharp corrections, as seen in the 2017 Bitcoin surge.
Bitcoin 1-week analysis by Peter Brandt. Source: X.com
Brandt noted that Bitcoin must reclaim its broken parabolic slope to achieve the above target. However, he cautioned that a 50%+ correction could follow the peak, reflecting the pattern’s characteristic volatility.
From an onchain perspective, Bitcoin researcher Axel Adler Jr. pointed out that Bitcoin is on the cusp of a “start” rally zone. The analyst underlined three scenarios, with the optimistic (bull) case outlining a price target above $150,000. Adler Jr. added,
“If the Ratio breaks through 1.0 and holds above it, the NUPL/MVRV metrics will show a new impulse, and the price could reach $150-175K, repeating the cycle logic of 2017 and 2021.”Bitcoin Composite Index. Source: CryptoQuant
In a baseline scenario, BTC’s price may consolidate within a $90,000 to $110,000 range if new capital inflows remain limited and existing investors do not increase their positions.
Lastly, a bearish case could unfold if further profit-taking from short-term holders takes place, leading to a correction down to $85,000-$70,000.
Over the past two weeks, Bitcoin has displayed a consistent breakout pattern, surging 13% before entering sideways consolidation, then breaking out again to reach $93,000–$96,000.
BTC is currently breaking out of its existing resistance range. Still, as shown in the chart below, a significant volume cluster between $96,000 and $99,000 suggests a phase of consolidation before Bitcoin can test the $100,000 mark.
Bitcoin 1-day chart. Source: Cointelegraph/TradingView
Related: Bitcoin price about to ‘blast’ higher as Fed rate cut odds jump to 60%
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
