Renowned trader Peter Brandt has shared his belief that Bitcoin (BTC) could potentially reach a staggering $150,000 before the current bull market concludes. In a recent blog post, Brandt noted that the duration of each bull cycle has remained relatively consistent since 2012.

Brandt stated, “The number of weeks from the start of each bull market cycle (the low following a decline of 75% or more) to the halving dates has been nearly equal to the number of weeks from the halving dates to the subsequent bull market peaks.”

If Bitcoin continues to adhere to this pattern, Brandt predicts that the current bull market will end in either August or September of 2025. Regarding his price target for BTC, Brandt utilizes an inverted parabolic curve to track the highs of previous bull markets since 2012. He shared a chart indicating that Bitcoin could potentially surge to $150,000 by his projected bull market expiration date.

However, Brandt cautioned that his analysis is not foolproof. He also mentioned that there is a 25% chance that BTC has already reached its peak for this particular cycle. Brandt explained, “Should Bitcoin fail to establish a new all-time high and drop below $55,000, I will increase the likelihood of exponential decay.”

Exponential decay, according to the trader, refers to Bitcoin losing approximately 80% of its exponential momentum after each successful bull market. As of the time of writing, Bitcoin is currently trading at $69,083.

It’s important to note that the opinions expressed by Brandt are not investment advice. Investors should conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. All transfers and trades are conducted at one’s own risk, and any resulting losses are the responsibility of the individual. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it act as an investment advisor.