Peter Brandt Projects Bitcoin Could Reach $150,000 by Summer 2025

Bitcoin's price has exceeded $96,000, breaking above a key resistance zone of $93,000 to $95,000. Analysts view this as a potential signal for further gains.

Key points include:

Trader Peter Brandt projects Bitcoin could reach new all-time highs, with a target exceeding $150,000 by late summer 2025.
Brandt identified a parabolic trendline around $120,000 that Bitcoin must surpass for a strong bull run.
On-chain data indicates critical resistance at the 111-day simple moving average ($91,300) and a short-term holder cost basis ($93,200).
Bitcoin has confirmed a higher high compared to May's $94,000 peak, suggesting a shift towards accumulation.
Over 254,000 BTC have matured into long-term holdings since the recent local bottom, with many acquired above $95,000.
The current trading price of Bitcoin stands at $96,635.

This range of $93,000 to $95,000 is pivotal for determining Bitcoin's future trajectory toward Brandt's $150,000 target.