Peter Brandt Predicts Bitcoin to Reach Six Figures as It Enters Bull Market Sweet Spot

Veteran trader Peter Brandt is expressing a bullish outlook on Bitcoin (BTC) following the cryptocurrency's recent surge to a new all-time high. With a substantial following of 746,100 on the social media platform X, Brandt believes that Bitcoin is currently positioned in the 'sweet spot' of its bull market halving cycle.

Brandt forecasts that Bitcoin could see a price increase of between 73% to 100% from its current level, potentially reaching a six-figure price by August or September of 2025. His analysis suggests that the timeframe for Bitcoin to hit the cycle peak post-halving will mirror the duration from the onset of the bull market to the halving event itself, should historical patterns repeat.

He notes that there was a 518-day gap from the beginning of the bull market cycle in November 2022 to the halving in April 2023. Brandt indicates that it may take an equivalent 518 days for Bitcoin to achieve the cycle peak of the current bull market following the April halving.

As of now, Bitcoin is trading at approximately $75,004.

In addition to Bitcoin, Brandt shares insights on other cryptocurrencies, including Ethereum (ETH) and Solana (SOL). He suggests that both assets are on the verge of upside breakouts, with Solana already breaking into new highs. Conversely, Ethereum is currently facing resistance as it works through overhead supply levels. Brandt expresses a preference for Solana due to its recent performance.

Analyzing the weekly charts for Ethereum and Solana, Brandt points out that Solana is about 10% shy of its 28-month high achieved in March, while Ethereum remains 45% below its own 28-month high from the same period. Currently, Ethereum is priced at $2,805, and Solana is trading at $187.

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