Peter Brandt Suggests Bitcoin Bull Run May Have Peaked: '...Already Reached A Price Consistent'

The bull market for bitcoin BTC/USD might have hit its peak, as suggested by Peter Brandt, the CEO of Factor LLC and a seasoned chart analyst.

What Happened: Brandt, who had earlier forecasted a bullish cycle for BTC extending to September 2025 with potential highs of $200,000, has now revised his prediction, CoinDesk reported on Monday. His latest forecast is based on the “exponential decay” theory, a statistical concept that explains the process of reducing an amount by a consistent percentage rate over a period.

“If the statistical constant of the 80% decay holds true, the [record] high in bitcoin of $73,835 of March 14, 2024, has already reached a price consistent with the historical Exponential Decay,” Brandt stated.

Brandt had accurately predicted the 2018 collapse of bitcoin to under $4,000. He noted that each bull cycle has been 80% less powerful than its predecessor in terms of price multiple gained.

See Also: Is The ‘Memecoin Supercycle’ Over? Mad Crypto Alpha With Ivan

However, Brandt also acknowledged that the “Pre/Post Halving” cycle construct suggests that the current bull trend could reach a top in the $140,000 to $160,000 range sometime in late summer/early fall 2025. This thesis remains the primary driver of his Bitcoin ownership status.

Why It Matters: Brandt’s prediction comes amid a forecast of a potential Bitcoin dip in the coming days by crypto analyst Michaël van de Poppe. However, van de Poppe remains optimistic about a quick recovery for the leading cryptocurrency.

Meanwhile, a report by broker Bernstein suggests that the recent slowdown in bitcoin ETF inflows is a temporary pause, not a negative trend. The report notes that the world's largest cryptocurrency has been range-bound in terms of price, with no clear momentum on either side following the halving.

Despite the recent slowdown in spot bitcoin exchange-traded fund (ETFs) flows, Bernstein analysts Gautam Chhugani and Mahika Sapra maintain a $150,000 price target for Bitcoin by the end of 2025.

Price Action: Bitcoin was trading 3.96% lower at $61,274.03 at the time of writing, as per Benzinga Pro.

Read Next: Bitcoin Faces Potential Downturn As Analysts Eye ‘Second Danger Zone’ — But What Happened To ‘Memecoin Supercycle?’

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