Bitcoin Price Hits $97,000 as Analyst Forecasts Surge to $150,000

Bitcoin prices surged to $97,000, rising over 2% and approaching the $100,000 mark. This increase has generated strong interest among investors in 2025.

Market Analyst Price Prediction

Trading analyst Peter Brandt forecasts that Bitcoin could reach $125,000 to $150,000 by late summer or early autumn 2025. This prediction is based on Bitcoin reclaiming its "parabolic trendline," a significant technical chart pattern. A rise to $150,000 from current levels implies a potential 56% return for buyers.

Technical Analysis Insights

Brandt's analysis indicates Bitcoin is forming a bullish wedge pattern and remains within a long-term rising channel. Historical patterns such as Head and Shoulders and Expanding Triangles are also present.

Potential Timing with Halving Cycles

The anticipated peak aligns with previous Bitcoin halving events, which historically lead to price highs 12-18 months later. The last halving occurred in April 2024.

Warning of Post-Peak Correction

Brandt warns of a possible correction of over 50% following the predicted peak, potentially dropping prices to the $60,000-$75,000 range. Despite current upward momentum, market volatility remains a concern for investors.