Peter Brandt: Bitcoin can reach $ 150,000 this year

Peter Brandt, a well-known crypto trader, predicts that the price of bitcoin BTC $104,375.13 Bitcoin 3.60% Market capitalization $2.07 trillion VOL. 24 hours $4.02 billion could rise to $ 150,000 in 2025. However, the expert also warns about the possible risks of a sharp decline. Brandt notes that Bayesian analysis indicates both a possible rise and the risk of a price drop of more than 50%.

The trader noted that the head-and-shoulders formation on the daily chart of BTC may indicate a decline if the price breaks through the support level. However, there is a possibility of another scenario: after a short-term decline to $ 84,000, the market leader may recover and rise to $ 150,000.

According to the analytical tracker CoinMarketCap, at the time of writing, Bitcoin is trading at $ 101,897.

In addition to Bitcoin, Brandt expressed optimism about the Cardano cryptocurrency ADA $1.12 Cardano 1.60% Market capitalization $40.25 billion VOL. 24 hours $0.31 billion . According to him, ADA has reached a local bottom at $ 0.81 and is now preparing for growth. A potential breakout could push the price above $ 1.09, turning this level into strong support.

Earlier, we reported that according to a report by the analytical company HashKey Group, bitcoin could exceed $ 300,000 as early as 2025. Such forecasts are based on the increase in institutional investment and the growing financial integration of cryptocurrencies. The study collected the opinions of nearly 50,000 members of the crypto community.

These forecasts are part of a broader optimistic mood in the cryptocurrency market, but investors should be cautious given the high volatility of the assets.