in February Bitcoin master analyst Peter Brandt, who renewed and raised his target, BTC’He stated that he predicted that it would rise to $200,000 by September 2025.
Brandt predicted that Bitcoin would rise further in the ongoing bull market and increased his previous estimate of $120,000, expecting BTC to peak at $200,000 in 2025.
However, the successful analyst changed his prediction and He claimed that the Bitcoin bull market may have ended above the recent ATH level of $73,000.
According to Coindesk, Brandt stated that BTC may have reached its peak above $ 73,000, according to historical data, and made this prediction. “exponential decay” He based it on the theory called.
In a recent blog post, he noted that according to exponential decay theory, each successive cycle in BTC has a peak price that is only 20% above the previous cycle’s high. He stated that he confirmed this situation in the loop.
“Bitcoin may have reached or very close to its peak this cycle. Bitcoin has historically traded in a bull/bear cycle of approximately 4 years, which is often associated with halving events. There have been three major bull market cycles since the first bull cycle, with each cycle being 80% less strong than the previous one in terms of ATH level.
If the 80% decline statistical constant is correct, Bitcoin’s ATH of $73,835 on March 14, 2024 has already reached a record price consistent with historical Exponential Decay.
So if exponential decay theory is any guide, the bull market may be over.”
However, Brandt stated that there is a possibility that the rise will continue despite the exponential decay theory. BTC He reminded that it supports the price rise. Analyst “According to the cycle theory based on the halving, Bitcoin may reach a peak in the current bull trend between $140,000 and $160,000 in the late summer/early autumn of 2025.” said.
Finally, Peter Brandt added that historical data does not guarantee what will happen in the future and cannot be more than a guess.
*This is not investment advice.
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