Renowned analyst Peter Brandt has suggested that the much-anticipated Bitcoin halving rally may have already begun. Brandt believes that BTC has entered a strong upward trend and could reach record highs by 2025.
Could Bitcoin’s Halving Rally Be Starting Early?
Commodities expert Peter Brandt has sparked interest with his recent statement that Bitcoin’s post-halving rally may have already kicked off. According to Brandt, the reverse expanding triangle formation that has been developing over the past five months has finally concluded. He points out that the series of lower highs and lower lows, ongoing since March, seems to have ended, signaling a potential new bullish phase for Bitcoin. However, Brandt emphasizes the importance of sustained price momentum to solidify this rally.
As of today, Bitcoin reached an intraday high of $71,540, although it has since adjusted slightly to around $71,090, according to CoinGecko.
Bitcoin’s Path to Potential All-Time Highs by 2025
In a forecast from June, Brandt predicted that Bitcoin could hit an all-time high by September 2025, reigniting discussions across the market. Based on previous bull market cycles, Brandt estimates BTC could potentially soar to $150,000 in the coming years. He reminds investors, however, that these targets involve risk and remain probabilities, adding, “There is always room for error in analysis; I never overlook risk management.”
Bitcoin Remains the Primary Asset for Optimistic Investors
Brandt has also highlighted that Bitcoin could be on the verge of “the most anticipated and hopeful breakout in history.” He noted that long positions in Bitcoin currently represent one of the largest speculative positions in the market.
Market experts, meanwhile, attribute Bitcoin’s recent rise largely to strong investor interest in spot ETFs. The sustained five-day inflow into spot ETFs continues to support positive sentiment in the market. Turkish NY Radio will keep monitoring these developments as Bitcoin’s rally unfolds.
