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Key takeaways:<\/strong><\/p>\n Bitcoin could reach $150,000 by August or September of this year if BTC breaks above the parabolic slope pattern. <\/p>\n<\/li>\n<\/ul>\n Bitcoin (BTC) <\/a>price jumped to new quarterly highs at $96,700 on May 1, a day after the US GDP contracted<\/a> -0.3% for the first time since Q2 2022. Amid heightened economic concerns, the probability<\/a> of a Federal Reserve interest rate cut rose to 62.8% for the June 18 Federal Reserve meeting. <\/p>\n Over the past 24 hours, short position liquidations exceeded $137 million, with Alphractal founder Joao Wedson observing<\/a> that BTC’s price momentum continues to favor bullish trends.<\/p>\n 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> 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. <\/p>\n 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. <\/p>\n 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,<\/a> <\/p>\n “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.”<\/p><\/blockquote>\n 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.<\/p>\n 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. <\/p>\n 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. <\/p>\n 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. <\/p>\n\n
Peter Brandt predicts a $150,000 Bitcoin top by Q3<\/h2>\n
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