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Bitcoin targets $150,000 in Q3 2025 amid a bullish weekly setup
According to Peter Brandt, Bitcoin continues its bullish path with a potential cycle peak predicted between $125,000 and $150,000 in August or September 2025. As of May 1, 2025, BTC is trading at $96,397, marking a weekly increase of 2.80%. Technical indicators show strong momentum, with the 8-week Moving Average and the 18-week Weighted Moving Average both trending upward. Furthermore, the price is near a significant horizontal resistance level around $100,000. If Bitcoin regains the broken parabolic slope, a strong bullish rally could continue, pushing it to the long-term cycle peak. The main patterns are aimed at a continued bullish trend. Since mid-2017, Bitcoin has formed a series of technical patterns that define its macro trend. From late 2018 to early 2020, BTC moved within a descending triangle. Eventually, it exploded, followed by a large Head and Shoulders (H&S) pattern in 2020 that marked the beginning of a parabolic move. That bullish phase peaked in April 2021.
After the bullish period, a Double Top (DblT) has formed, marking the beginning of a deep correction lasting until the end of 2022. During this period, a Descending Channel (Chnl) has appeared. Subsequently, a second Head and Shoulders pattern developed in mid-2022, pushing the price higher. Higher lows and strong support levels have established a stable bullish trend. The structure remains intact despite the volatility. By early 2024, Bitcoin had formed an expanding Triangle (Exp), often associated with increased volatility. The resistance zones had been tested multiple times and finally broken, confirming the bullish breakout. By early 2025, a rising Wedge (Wdg) had developed, acting as a consolidation pattern. In addition, Bitcoin continues to trade within a long term bullish channel. Two red trend lines frame this structure, guiding the overall macro trend. A parabolic curve intersects with the upper boundary, aligning with the expected target of around $130,000. A red dot marks the potential high above $120,000, consistent with the channel's peak. Moreover, the trading volume remains steady at over 234,000 BTC. The average true range (ATR) is 9.670, indicating increased volatility. The average directional index (ADX) is 23.75, suggesting a moderate trend strength.