Peter Brant predicts bitcoin growth to $ 150,000 in August

Well-known trader Peter Brandt predicts that the current bull cycle of bitcoin will end at $ 125,000−150,000 in August or September, provided that the asset regains its lost parabolic growth trajectory. After reaching the peak, Brandt expects a 50% drop in value. Another analyst, CryptoBullet, believes that the medium-term correction of ethereum is complete and predicts growth to $ 2500 in the coming months.

Bitcoin BTC $109,518.39 Bitcoin 1.26% Market capitalization $2.18 trillion VOL. 24 hours $2.01 billion , Ethereum ETH $2,565.66 Bridged Ether (StarkGate) 1.99% Market capitalization $0.23 billion VOL. 24 hours $0.88 billion , and Dogecoin DOGE $0.23 Binance-Peg Dogecoin 1.83% Market capitalization $0.58 billion VOL. 24 hours $0.2 billion showed growth amid weak economic dynamics in the United States. On Thursday, May 1, cryptocurrencies rose along with stock indices, driven by increased investor interest in risky assets. Bitcoin’s value rose by 2.72% to $ 96,815, reaching a daily high of $ 97,437.96. Ethereum rose by 2.76% to $ 1,844, and DOGE by 4.88% to $ 0.1812.

The rise in the price of bitcoin coincided with the announcement of an unexpected decline in US GDP in the first quarter. This may have contributed to the perception of cryptocurrency as a «safe haven» in the face of economic uncertainty. Against this backdrop, bitcoin’s dominance in the market reached an annual high of 63.8%. In general, the cryptocurrency market increased its capitalization by 2.02% over the day, reaching $ 3.01 trillion.

Over the past 24 hours, positions worth $ 209 million were liquidated, of which $ 154 million were short positions, i.e., bets against growth. At the same time, the volume of open positions in bitcoin grew by 8.21%, reaching $ 66.93 billion. This indicates an increase in the use of leverage and, consequently, potential volatility. Despite the price increase, most traders on Binance maintained short positions.

The market is in a «greedy» mood, according to the Crypto Fear and Greed index. The day’s top performers also included lesser-known tokens, including Walrus (16.07%), Sonic (16.02%), and Immutable (10.21%). Their success underscores the overall recovery in the cryptocurrency market.