bullish

Bitcoin

Rekt

Coin

<p>Peter Brandt, a renowned trader with four decades of experience trading has recently come out to make a rather ambitious forecast for Bitcoin which he says could reach $150,000 by 2025. This projection has been derived from the analysis of the Bitcoin charts and the price trends seen after the halving events.</p> 
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   <p lang="en" dir="ltr">Hey Jim <a href="https://twitter.com/Upticken?ref_src=twsrc%5Etfw">@Upticken</a> how about Bitcoin. Might we declare Tea and Crumpets on this chart? <a href="https://t.co/SwVOipCvDg">pic.twitter.com/SwVOipCvDg</a></p>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1833276225151770672?ref_src=twsrc%5Etfw">September 9, 2024</a>
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<p>Generally, Bitcoin rallies tend to occur 16 to 18 months after a halving, and Brandt’s prediction falls in line with this trend. He has also given an insight of the previous market cycles that have seen the same trends.</p> 
<p>Additionally, Brandt’s optimistic outlook stems from the potential emergence of a classic “Cup and Handle” pattern on Bitcoin’s chart, which he views as a strong bullish indicator. The “handle” phase signifies a period of consolidation, suggesting that <a href="https://www.thecoinrepublic.com/2024/09/10/metaplanet-to-buy-more-bitcoin-amid-share-buyback-plans-btc-to-60k/">Bitcoin</a> may be preparing for an upward move, provided it can surpass critical resistance levels.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-comparative-analyst-insights"><strong>Bitcoin: Comparative Analyst Insights</strong></h2> 
<p>In agreement with Brandt, Rekt Capital analysts have also come up with a similar price target while using the halving that occurred in April as one of the factors. This consensus between veterans of the industry coincides with a long-term market trend suggesting that BTC is getting ready for another price rally..</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <br><br>Bitcoin is currently in a Halving year<br><br>So it makes most sense to compare 2024 with previous Halving years<br><br>2016:<br>+6% September upside followed by +14% October upside<br><br>2020:<br>-7.5% September downside followed by +27.7% October upside<br><br>2024:<br>Currently -9% September… <a href="https://t.co/PKQogNsiJf">pic.twitter.com/PKQogNsiJf</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1832128547839975678?ref_src=twsrc%5Etfw">September 6, 2024</a>
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<p>Furthermore, Fundstrat’s Tom Lee and Mikybull Crypto have also noted that the $150,000 level is attainable. Despite different time frames than Brandt’s 2025 target, the analysts predict $150K in this cycle.</p> 
<p>Despite the bullish outlook from some corners, other market analysts offer a starkly different perspective. Jesse Olson has expressed skepticism about the bullish BTC price outlook. He stated, “2nd consecutive Bitcoin Heikin Ashi weekly candle with no wick to the upside suggesting the trend to the downside continues.”</p> 
<p>In addition, Justin Bennett has expressed skepticism about the direct influence of halving events on prolonged bull runs, pointing instead to broader economic cycles as the primary drivers of Bitcoin’s price fluctuations. </p> 
<p>This view suggests that external economic conditions, rather than internal market mechanisms like halving, could be more influential in shaping Bitcoin’s trajectory. Additionally, Ali Martinez has flagged potential declines, with technical indicators like the Realized Price-to-Liveliness Ratio suggesting a possible fall to $31,500 if certain support levels are breached.</p> 
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   <p lang="en" dir="ltr">Warning! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Historically, when <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> falls below the Realized Price-to-Liveliness Ratio, now at $51,600, it often drops further to its Realized Price — currently at $31,500! <a href="https://t.co/J2frRQSiXZ">pic.twitter.com/J2frRQSiXZ</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1832457812015759734?ref_src=twsrc%5Etfw">September 7, 2024</a>
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<h2 class="wp-block-heading" id="h-potential-market-catalysts"><strong>Potential Market Catalysts</strong></h2> 
<p>Looking beyond technical analysis, several macroeconomic factors could propel Bitcoin toward the $150,000 target. Upcoming U.S. presidential elections and the associated crypto policies of candidates could sway investor sentiment. </p> 
<p>A potential <a href="https://www.thecoinrepublic.com/2024/07/24/donald-trump-presidency-crypto-sectors-future/">re-election of Donald Trump</a>, who has stated proactive cryptocurrency policies, is viewed by some analysts like Geoff Kendrick of Standard Chartered as a bullish signal for Bitcoin. Furthermore, rate cuts and quantitative easing measures from the U.S. Federal Reserve could inject liquidity into the market, enhancing the appeal of risk assets like Bitcoin and potentially accelerating its ascent.</p> 
<p>At the time of writing, <a href="https://www.thecoinrepublic.com/price-prediction/bitcoin/">Bitcoin price</a> is trading at $57,939.67, marking a 1.82% increase over the past 24 hours. The market cap stands at $1.144 trillion, with a 24-hour trading volume of $31.1 billion, down by 7.06%.</p>  
<p>The post <a href="https://www.thecoinrepublic.com/2024/09/11/will-bitcoin-surge-to-150k-peter-brandt-charts-bullish-path-for-btc-price/">Will Bitcoin Surge to $150K? Peter Brandt Charts Bullish Path for BTC Price</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Will Bitcoin Surge to $150K? Peter Brandt Charts Bullish Path for BTC Price

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