Key takeaways:
Bitcoin (BTC) price jumped to new quarterly highs at $96,700 on May 1, a day after the US GDP contracted -0.3% for the first time since Q2 2022. Amid heightened economic concerns, the probability of a Federal Reserve interest rate cut rose to 62.8% for the June 18 Federal Reserve meeting.
Over the past 24 hours, short position liquidations exceeded $137 million, with Alphractal founder Joao Wedson observing that BTC’s price momentum continues to favor bullish trends.
Peter Brandt predicts a $150K Bitcoin top by Q3
In a recent post on X, veteran trader Peter Brandt forecasted a Bitcoin price rally, potentially reaching $125,000 to $150,000 by August or September 2025. The trader predicted a parabolic arc pattern in Bitcoin’s price chart—a technical formation often signaling rapid rises followed by sharp corrections, as seen in the 2017 Bitcoin surge.
Brandt noted that Bitcoin must reclaim its broken parabolic slope to achieve the above target. However, he cautioned that a 50%+ correction could follow the peak, reflecting the pattern’s characteristic volatility.
From an onchain perspective, Bitcoin researcher Axel Adler Jr. pointed out that Bitcoin is on the cusp of a “start” rally zone. The analyst underlined three scenarios, with the optimistic (bull) case outlining a price target above $150,000. Adler Jr. added,
“If the Ratio breaks through 1.0 and holds above it, the NUPL/MVRV metrics will show a new impulse, and the price could reach $150-175K, repeating the cycle logic of 2017 and 2021.”
In a baseline scenario, BTC’s price may consolidate within a $90,000 to $110,000 range if new capital inflows remain limited and existing investors do not increase their positions.
Lastly, a bearish case could unfold if further profit-taking from short-term holders takes place, leading to a correction down to $85,000-$70,000.
Over the past two weeks, Bitcoin has displayed a consistent breakout pattern, surging 13% before entering sideways consolidation, then breaking out again to reach $93,000–$96,000.
BTC is currently breaking out of its existing resistance range. Still, as shown in the chart below, a significant volume cluster between $96,000 and $99,000 suggests a phase of consolidation before Bitcoin can test the $100,000 mark.
Related: Bitcoin price about to ‘blast’ higher as Fed rate cut odds jump to 60%
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
