Veteran Trader Peter Brandt Predicts $130K as BTC’s Post-Halving Price

Renowned American trader Peter Brandt has shared a new price prediction for the leading cryptocurrency, Bitcoin (BTC). According to his speculation, BTC will soar to a new all-time high (ATH) between $130,000 and $150,000 in 15 months. The veteran trader believes this to be a trend for the cryptocurrency after halving.

BTC to Trade at $130K

Brandt capitalizes on BTC’s performance after past halving events. The Bitcoin halving is a quadrennial occurrence where the number of mined BTC per block reduces by half. This deflationary mechanism helps to bolster scarcity and demand for BTC. Hence, it helps to increase the cryptocurrency’s value.

Before April 20, 2024, BTC saw three halving events, eventually accompanied by a new price high for the leading crypto asset. Referencing these past occurrences, Brandt explained that Bitcoin’s bull run started about 16 months before the third halving and climaxed at an ATH of approximately $68,000 around 18 months later. A similar trend occurred with the first two halvings.

In the most recent halving, the number of BTC produced per block reduced from 6.25 BTC to 3.125 BTC. Experts like Brandt believe this halving event has set the wheel for BTC’s next big bull cycle.

“If this sequence continues, the next bull market cycle high should occur in late Aug/early Sep 2025,” Brandt wrote in his analysis.

Still, the renowned trader informed the public that no analysis method is “foolproof” regarding price speculations for digital assets like BTC. Brandt added that he would adjust his analysis if Bitcoin’s price drops below $55,000.

BTC Trades Above $69K

In March 2024, BTC attained a price above $73,700 in anticipation of the Bitcoin halving event. However, the digital asset’s value has since readjusted to lower prices. Recall that Brandt had previously labelled the $73k price mark as the peak for the cryptocurrency and that it could drop to as low as mid-$30,000.

Meanwhile, the leading cryptocurrency traded at $69,100 at the time of writing, representing a 2.5% increase over the past 24 hours.

Source: CoinMarketCap