Markets have entered consolidation, and everyone is wondering what is going to happen next. Now, crypto trader Peter Brandt predicts a potential Bitcoin price surge to $150,000 by summer. Find out why Brandt sees BTC halving as crucial.
Legendary crypto trader Peter Brandt predicts Bitcoin could skyrocket to $130,000-$150,000 by late summer.
Brandt notes Bitcoin’s halving events—every four years—mark crucial points in its bull runs, such as the recent one in April.
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The April 20 halving cut mining rewards by 50%, a move to control inflation and increase scarcity Brandt notes that these dates often represent “almost perfect symmetry within past bull market cycles.
“Historically, the Bitcoin halving date has sat almost in the middle of when a bull market starts and when it reaches its peak,” Brandt explained in a June 2 report. “If this sequence continues, the next bull market cycle high should occur in late Aug/early Sep 2025,” he added.
Peter Brandt’s take: the last Bitcoin bull run kicked off 16 months before the May 2020 halving and wrapped up 18 months later. The same script played out for the July 2016 and November 2012 halvings.
Peter Brandt: Bitcoin Price Heading to $100k Soon
According to Peter Brandt the start of the bull market can be seen on Dec. 17, 2022, back when Bitcoin was $16,800. Wish you had a time machine? Yeah, us too! Since then BTC is up 300% to $69,106 (time machine be damned).
(BTC)
Conversely, after peaking at $73,679 on March 14, Bitcoin’s pullback and crabbing make it feel as though the bull run is over.
“There’s a 25% chance that Bitcoin has already hit a bull market top,” Peter Brandt suggests.
If Bitcoin can’t break through to a new all-time high and dips under $55,000, Peter Brandt warns that ‘exponential decay’ might hit the market hard.
Bitcoin’s hitting a wall at key resistance levels. Despite a slight 1% rise this morning, it has felt stuck since the Halving.
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Robert Kiyosaki And Peter Brandt Agree on This One Thing
Robert Kiyosaki, of ‘Rich Dad Poor Dad’ fame, also has a prediction for BTC.
Known for his financial insights and a book that likely onboard every newbie into finance (along with Dave Ramsey’s YT channel), Kiyosaki shared his bullish outlook on crypto before the Halving.
I am buying 10 more Bitcoin before April. Why? The “Having.” If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s.
If the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year.
I…
— Robert Kiyosaki (@theRealKiyosaki) March 25, 2024
In early 2024, Kiyosaki bought five more Bitcoins during spot exchange-traded fund (ETF) approvals, expanding his already profitable position. He predicts a $100k BTC by 2024, maybe even $300,000 based on the financial horrorshow that Americans feel, but experts say ‘is all in their heads.’
“‘Smart money’ knows the U.S. is the biggest debtor nation in the world; China’s property market is ‘toast’; Japan has been in a depression since 1990; Germany is sliding into a depression, mom-and-pop consumers are living on credit cards; banks are in trouble; and the world is on the brink of war.”
The Bottom Line: Is Peter Brandt Right?
Short-term, Bitcoin price could go through hell this summer.
There aren’t many catalysts left this year for the major cryptocurrencies outside of Solana’s “Firedancer” update.
With that said, historically speaking, Peter Brandt is right that Bitcoin never performs well immediately after a halving (except for the pandemic, but we had a crazy injection of liquidity).
And even if we do crab during the summer, its deflationary nature and ongoing hedge against currency debasement could potentially trigger the $100K magnet.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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