In support of his prediction, Peter Brandt points out that Bitcoin has historically followed a four-year cycle, often closely linked to halvings. Based on this pattern, subsequent halvings have resulted in diminishing bull runs, with each one being 80% less powerful than its predecessor. Brandt estimates that the current price record of $73,800, achieved on March 14, 2024, will remain unbroken until the second half of 2025.
“The bull cycle for Bitcoin is likely coming to an end. Analysis of the pre-/post-halving trend suggests that the current bull cycle will peak in late summer or early fall of 2025, with prices ranging between $140,000 and $160,000.”
While acknowledging the importance of halvings, the Factor CEO emphasizes that sustaining the cryptocurrency’s value growth requires additional factors to come into play. He believes that these factors will contribute to the upward trajectory of Bitcoin’s rate.
It is worth noting that Peter Brandt has previously lauded Bitcoin as a groundbreaking store of value, capable of potentially replacing traditional fiat currencies and even government bonds, both in the United States and other nations.