Biggest Bitcoin critic and veteran Trader Peter Brandt has shared a bold price forecast. According to him, if Bitcoin manages to reclaim its broken parabolic trendline, it could surge to a cycle peak between $125,000 and $150,000 by August or September 2025.
But Brandt also warns that, after that, Bitcoin could face a sharp correction of over 50%.
Let's dive in detail!
Yes, you read that right, Bitcoin might be on its way to a six-figure price tag. The chart shared by Peter Brandt highlights a red curved line, which represents a long-term parabolic trend that has supported Bitcoin’s biggest bull runs in the past.
However, Bitcoin has recently fallen below this curve, raising doubts about whether it can recover its strong upward momentum.
As of now, Bitcoin is hovering around $96,797, with its 18-week moving average (WMA) near $89,027, and the simple moving average (SMA) around $86,052. If Bitcoin can bounce back above the broken parabolic curve, Brandt sees a clear path toward his $125K–$150K price target, by August & september 2020.
Further, the chart also includes a red dot around the $130,000 level, marking the possible cycle top if the parabolic strength returns.
Brandt warns that after reaching the projected high, Bitcoin could face a 50% or greater correction, which is consistent with past cycle behavior. A 50% drop from $125K–$150K would bring BTC back to around $62K–$75K.
So while the upside is exciting, the volatility risk is just as real. This type of correction has happened before, and Brandt expects history to repeat.
Following Brandt’s tweet, one user raised a key question: Can Bitcoin ever hit $1 million if it stays within this long-term upper curve?
Brandt gave a straightforward reply:
“The only scenario that could change [the chart] would be sudden destruction of USD, which could cause hyper thrust through upper curve — ala interest rates in Germany in the 1920s.”
In simple terms, Brandt believes that for Bitcoin to break beyond this long-term channel and aim for $1 million, it would take an extreme event, like a collapse of the U.S. dollar or major global financial disruption.
Otherwise, the chart suggests that such levels may remain out of reach within the current trend.
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