- Bitcoin surged past $97,000 on May 1, nearing $100K and sparking bullish excitement.
- Peter Brandt projects a cycle top between $125K–$150K by Q3 2025, citing chart patterns.
- CryptoQuant’s Adler sees $150K–$175K possible if the momentum ratio exceeds 1.0 and holds steady.
Bitcoin kicked off May with impressive strength, momentarily climbing above $97,000 on the very first day of the month. This rally pushed it closer to the $100,000 mark, reigniting excitement among traders and investors.
Amid growing optimism, veteran market analyst Peter Brandt shared a notable forecast in an X post, suggesting that Bitcoin could peak between $125,000 and $150,000 by August or September 2025. His projection targets a peak in the third quarter, falling within a familiar market cycle window.
Brandt emphasized that Bitcoin must regain its previous parabolic trajectory to reach this bullish target. He shared a detailed weekly chart analysis showing its long-term price history and structural patterns, suggesting a steady rise remains possible.
Bitcoin Positioned for Next Surge
The chart highlighted Bitcoin’s progress within a bullish wedge and a multi-year ascending channel. Brandt noted that maintaining this upward path could extend the bull run. His analysis also stressed that the parabolic curve, last seen guiding Bitcoin’s peak in 2021, remains a crucial element for renewed growth.
If it successfully reclaims this trendline, Brandt expects it could drive prices into a “red zone” he marked between $125K and $150K. He views this zone as a likely conclusion to the current bull cycle. At the time of his forecast, the cryptocurrency was priced around $96,397, meaning a climb to $150,000 would represent a gain of about 55%.
Brandt’s chart did not rely on a single signal. It also revealed classic formations, including Head & Shoulders, Channels, and Expanding Triangles. These patterns have historically preceded significant moves in both directions, underscoring the potential for further volatility ahead.
Analyst Warns of Steep Fall After the Peak
Interestingly, Brandt’s forecast aligns closely with historical Bitcoin cycles, which typically peak 12 to 18 months after a halving. With the last halving event in April 2024, his August–September 2025 prediction fits this timeframe neatly.
However, he warned that the excitement would not last forever. According to Brandt, once Bitcoin hits its cycle top, the market could face a sharp decline. He anticipates a correction exceeding 50%, which could push it down to between $60,000 and $75,000, a pattern seen in previous cycles.
Meanwhile, CryptoQuant contributor Axel Adler Jr. observed that Bitcoin’s on-chain momentum has entered the rally zone, as the momentum ratio approaches 0.8. He pointed to past trends in 2017 and 2021 to suggest it could climb to $150,000–$175,000 if that ratio rises above 1.0 and holds firm.
Adler’s base case projects Bitcoin to remain in the $90,000 to $110,000 range if the ratio holds between 0.8 and 1.0. A drop to 0.75, though, might push short-term holders to cash out, dragging the price down to $70,000–$85,000. Adler emphasized that with a recent pullback already absorbed, the optimistic and base case options appear more likely at present.
Read More | Ethereum Whale Moves $5.53M to Kraken After Three-Year Dormancy