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.

Read more