bullish

Bitcoin

when

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Trading legend Peter Brandt has&nbsp;<a href="https://x.com/PeterLBrandt/status/1833276225151770672" rel="noopener noreferrer nofollow">injected</a> some optimism into the embattled Bitcoin community with his latest chart.&nbsp;
Brandt's new chart shows that the largest cryptocurrency could still be on track to pull off another parabolic advance despite the recent bearishness.&nbsp;
Bitcoin could be on course to reach a peak at roughly $150,000 in late 2025, according to the famous commodity trader.&nbsp;
Prominent Bitcoin analyst Tuur Demeester believes that such a scenario is plausible.&nbsp;
The latest chart is consistent with Brandt's earlier prediction about Bitcoin peaking at the aforementioned $150,000 during the ongoing bullish cycle.&nbsp;
Bitcoin recently succumbed to bearishness, with its price collapsing to the $52,000 level on Sept. 6. It has since managed to regain some ground, surging to as high as $58,070 on the Bitstamp exchange on Aug. 9.&nbsp;
As&nbsp;<a href="https://u.today/legendary-trader-brandt-names-three-terrifying-bitcoin-facts" rel="noopener noreferrer nofollow">reported by U.Today</a>, Brandt recently warned the community about several worrying signs for Bitcoin bulls. He pointed to a series of lower highs and lower lows among other things.&nbsp;
Following the cryptocurrency's plunge earlier this month, the "Fear and Greed" sentiment indicator plunged into "extreme fear" territory once again.&nbsp;
Now, however, market sentiment is gradually improving, with Bitcoin (BTC) seemingly being poised to reclaim the $60,000 level. Unsurprisingly, many analysts are dusting off their bullish Bitcoin price predictions.&nbsp;
With that being said, bulls still have some work to do in order to turn this September green. The largest cryptocurrency is still down 3.5% since the start of the month.&nbsp;
It is worth noting that Brandt has&nbsp;<a href="https://x.com/PeterLBrandt/status/1833298320401600993" rel="noopener noreferrer nofollow">rejected</a> the idea that Bitcoin might in the process of forming the bullish inversed head-and-shoulders pattern. However, he did not rule out that there could be other chart reasons for optimism.&nbsp;

Bitcoin to $150,000? Legendary Trader Peter Brandt Stuns BTC Bulls

U_Today

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