{"id":854102,"date":"2025-06-08T00:12:16","date_gmt":"2025-06-08T05:12:16","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/08\/peter-brandt-predicts-when-bitcoin-price-might-reach-150000-technical-signals-show-where-market-is-at\/"},"modified":"2025-06-08T00:12:16","modified_gmt":"2025-06-08T05:12:16","slug":"peter-brandt-predicts-when-bitcoin-price-might-reach-150000-technical-signals-show-where-market-is-at","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/08\/peter-brandt-predicts-when-bitcoin-price-might-reach-150000-technical-signals-show-where-market-is-at\/","title":{"rendered":"Peter Brandt Predicts When Bitcoin Price Might Reach $150,000, Technical Signals Show Where Market Is At"},"content":{"rendered":"

Bitcoins <\/p>\n

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Bitcoin\u2019s price action <\/span>has broken above $96,000<\/span><\/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 <\/span>could determine whether<\/span><\/a> Bitcoin\u2019s next leg takes it into six-figure territory.\u00a0<\/span><\/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 <\/span>projected timeline.<\/span><\/a><\/p>\n

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

Veteran trader Peter Brandt <\/span>shared a weekly candlestick<\/span><\/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<\/span><\/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 <\/span>head and shoulders <\/span><\/a>patterns, expanding triangles, and <\/span>consolidation wedges. <\/span><\/a>The breakout <\/span>from the recent wedge pattern<\/span><\/a> serves as his basis for suggesting that the bull market is structurally intact.<\/span><\/p>\n

\"bitcoins
BTC to surge to new all-time highs | Source: Peter Brandt on X<\/a><\/figcaption><\/figure>\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 <\/span>run-up to a cycle top. <\/span><\/a>Brand noted that this cycle top would be between $125,000 and $150,000, and the timeline is by August or September 2025.<\/span><\/p>\n

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

On-chain <\/span>data from on-chain<\/span><\/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<\/span><\/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 <\/span>cause increased sell-side pressure<\/span><\/a> if some traders take profit or exit at breakeven.<\/span><\/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<\/span><\/p>\n

Although current momentum <\/span>clearly favours the bulls<\/span><\/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.<\/span><\/p>\n

At the time of writing, Bitcoin is trading at $96,635.<\/span><\/p>\n

\"bitcoins
BTC trading at $97,000 on the 1D chart | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Featured image from Pexels, chart from Tradingview.com<\/p>\n<\/p><\/div>\n

Scott Matherson Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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