Veteran Trader Peter Brandt Says Bitcoin in ‘Sweet Spot,’ Predicts BTC To Hit a Six-Figure Price in Months

Veteran dealer Peter Brandt is leaning bullish on Bitcoin (BTC) after the flagship crypto asset lately hit a brand new all-time excessive.

Brandt tells Based on its 746,100 followers on the social media platform X, Bitcoin is “now in the suitable part of the bull market halving cycle.”

Based on Brandt, Bitcoin may rise 73% to 100% from present ranges to succeed in the cycle high in August or September 2025.

Based mostly on the skilled dealer’s chart, it seems that he’s suggesting that the time it takes for Bitcoin to succeed in the cycle high after the halving shall be much like the time it takes from the beginning of the bull market cycle to the halving, when historical past repeats itself. your self.

Based on Brandt, there’s a interval of 518 days between the beginning of Bitcoin’s bull market cycle in November 2022 and the halving in April this 12 months. The veteran dealer says it may doubtlessly take one other 518 days for Bitcoin to succeed in the cycle high of the present bull market from the April halving.

Bitcoin is buying and selling at $75,004 on the time of writing.

Additionally the a lot adopted dealer offers his perception into Ethereum (ETH) and Solana (SOL).

“Each are primed for upside breakouts to affix Bitcoin. However beware, SOL breaks out to new highs. ETH is chewing on above-ground resistance (provide). I all the time favor new highs and like SOL.”

Based mostly on Brandt’s Ethereum and Solana charts on the weekly time-frame, it seems that Solana is about 10% beneath the 28-month excessive of March, whereas Ethereum is 45% beneath the 28-month excessive of the identical interval .

Ethereum is buying and selling at $2,805 on the time of writing, whereas Solana is altering palms at $187.

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Generated picture: Midjourney