Bitcoin, after facing sharp declines, has started May 2025 on a positive note by rising above the $97,000 mark. Amidst this recovery, renowned analyst Peter Brandt has shared his insights about the future trajectory of the cryptocurrency.
Bitcoin Starts the Month with Gains
From the outset of May 2025, Bitcoin's price has shown a positive trend, surpassing $97,000. This upward movement instills hope for recovery in the cryptocurrency market.
Peter Brandt's Forecasts
Peter Brandt, a notable crypto analyst, expressed bullish sentiments on his platform X, predicting that Bitcoin could peak between $125,000 and $150,000 by August or September 2025.
Correction Warning after Peak
However, Brandt also signaled a potential major correction following this peak. He forecasts a drop of more than 50%, which could revert Bitcoin’s price to the $60,000-$75,000 range. "If Bitcoin can regain the broken parabolic slope, the price is on track to reach the top of the bull market cycle at $125,000 to $150,000 by August/September 2025. Then there will be a correction of more than 50%."
Bitcoin shows resilience amid market volatility, and analysts' forecasts capture the interest of crypto investors. However, it's essential to be aware of potential risks and corrections following significant upward movements.
