{"id":63832,"date":"2025-05-02T22:30:49","date_gmt":"2025-05-02T22:30:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=63832"},"modified":"2025-05-02T22:30:49","modified_gmt":"2025-05-02T22:30:49","slug":"peter-brandt-predicts-when-bitcoin-price-might-reach-150000-technical-signals-show-where-market-is-at","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=63832","title":{"rendered":"Peter Brandt Predicts When Bitcoin Price Might Reach $150,000, Technical Signals Show Where Market Is At"},"content":{"rendered":"

Bitcoin\u2019s price action has broken above $96,000<\/a> in the past 24 hours, strengthening the case for a sustained move into six-figure territory. This recent price action is particularly significant as it marks a clean breakout above a key on-chain resistance zone stretching from $93,000 to $95,000, which many analysts believe could determine whether<\/a> Bitcoin\u2019s next leg takes it into six-figure territory.\u00a0<\/p>\n

Supporting this momentum is a long-term technical outlook by renowned trader Peter Brandt, who projected that Bitcoin remains on course to set new all-time highs, with a potential price peak exceeding $150,000 on his projected timeline.<\/a><\/p>\n

Peter Brandt Maps Timeline For $150,000 Bitcoin Top With Parabolic Structure<\/h2>\n

Veteran trader Peter Brandt shared a weekly candlestick<\/a> Bitcoin price chart on social media, highlighting a path toward $150,000 by late summer 2025. According to Brandt\u2019s post on social media platform X, Bitcoin is currently trading below a parabolic trendline that is key to the final leg of the current bull cycle. Interestingly, this parabolic trendline has served as an upper resistance for Bitcoin\u2019s price peaks and all-time highs since 2021.\u00a0<\/p>\n

Related Reading: Bitcoin Price Prediction: The Last Leg-Up That Confirms A Resounding Rally To $150,000<\/a><\/p>\n

Brandt\u2019s chart captures a variety of classical technical formations, including multiple head and shoulders <\/a>patterns, expanding triangles, and consolidation wedges. <\/a>The breakout from the recent wedge pattern<\/a> serves as his basis for suggesting that the bull market is structurally intact.<\/p>\n

According to his projection, the parabolic slope that Bitcoin needs to overcome currently sits around the $120,000 mark. A decisive breakout above this threshold would set the stage for a run-up to a cycle top. <\/a>Brand noted that this cycle top would be between $125,000 and $150,000, and the timeline is by August or September 2025.<\/p>\n

On-Chain Indicators Reveal Pressure Points Around $93,000 To $95,000<\/h2>\n

On-chain data from on-chain<\/a> analytics firm Glassnode shows that Bitcoin is currently testing the convergence of two critical resistance points: the 111-day simple moving average, which now sits at $91,300, and the short-term holder cost basis, which sits at $93,200.\u00a0<\/p>\n

Related Reading: Bitcoin Price: Analyst Peter Brandt Says BTC Still Bearish Unless This Happens<\/a><\/p>\n

Notably, Bitcoin\u2019s price structure has confirmed a higher high relative to a high of $94,000 in early May, effectively breaking the downtrend from early April. This suggests that the market may be shifting into a more aggressive accumulation phase. However, this region also represents a significant cluster of previously bought coins, meaning investors underwater during earlier pullbacks now find themselves near break-even. This could cause increased sell-side pressure<\/a> if some traders take profit or exit at breakeven.<\/p>\n

Meanwhile, long-term holders continue to exhibit strong HOLDling behavior, with realized profits exceeding 350% for many. In fact, over 254,000 BTC have crossed the 155-day threshold since Bitcoin\u2019s recent local bottom, indicating that a significant portion of the supply is maturing into long-term holdings. Many of these coins were acquired at prices above $95,000.\u00a0<\/p>\n

Although current momentum clearly favours the bulls<\/a>, the $93,000 to $95,000 range is a major battleground that could define Bitcoin\u2019s trajectory in the months ahead of reaching Peter Brandt\u2019s target of $150,000.<\/p>\n

At the time of writing, Bitcoin is trading at $96,635.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price action has broken above $96,000 in the past 24 hours, strengthening the case for a sustained move into six-figure territory. This recent price action is particularly significant as it marks a clean breakout above a key on-chain resistance zone stretching from $93,000 to $95,000, which many analysts believe could determine whether Bitcoin\u2019s next […]<\/p>\n","protected":false},"author":0,"featured_media":63833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63832"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63832"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/63833"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}