Bitcoin trader says BTC’s cycle top in $125K to $150K range if certain conditions are met
Veteran trader Peter Brandt says Bitcoin price could rally to $150,000 by summer if it can “regain the broken parabolic slope.”
Key takeaways:
Bitcoin could reach $150,000 by August or September of this year if BTC breaks above the parabolic slope pattern.
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.
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