Is This the Start of A Bull Market? This Legendary Analyst Thinks So

2025-05-22

Bitcoin has once again ignited headlines, pushing past the six-digit barrier and soaring to an impressive $109,390 as of May 21, 2025. While price surges are nothing new in the crypto world, this move carries an entirely different tone—and technical weight.

Analysts, traders, and long-term holders are now asking: Is this the start of a full-scale Bitcoin bull market?

Veteran trader Peter Brandt believes the answer is yes—and he’s not just whispering it. He’s shouting it with conviction. For those unfamiliar with his name, Brandt is no stranger to major market reversals.

His record spans decades, and his Bitcoin calls have made waves since 2017. When someone of his caliber weighs in, the smart money listens.

Peter Brandt: A Legend with Charts, Not Hype

Peter Brandt doesn’t ride waves of speculation. Instead, he watches, waits, and interprets the market through a disciplined lens forged from nearly 50 years of commodities trading experience. In a recent post on X (formerly Twitter), Brandt made his stance on Bitcoin’s current trajectory clear:

"I think it is wonderful that Bitcoin is making ATHs. I am long. I actually think ATHs is not technically significant. Bull markets make ATHs all the time. It is the definition of a bull market."

It’s a simple statement with profound implications. Unlike many traders who celebrate all-time highs as isolated milestones, Brandt views them as symptoms of a larger trend. His point is clear: in a real bull market, ATHs are expected—not exceptional.

But what truly caught attention was his forward-looking projection:

"On track maybe for top of $125,000 to $150,000 by end of August???? (Hey trolls, note the ????)."

Even with his tongue-in-cheek delivery, Brandt rarely tosses around numbers without technical justification. The August target range of $125K to $150K may seem aggressive, but when combined with current momentum and technical patterns—it starts looking increasingly plausible.

The Chart That Tells the Story

The technical setup behind this bullish narrative is compelling. In a chart shared by GenesisFT on TradeNavigator, several pivotal formations support the idea that Bitcoin is entering a new market phase. Let’s break it down:

Key Formations in Focus:

Symmetrical Triangle Breakout: This consolidation pattern, visible in late March through early April, often precedes explosive directional moves. BTC broke upward textbook bullish behavior.
Double Top Retest (Around $77K): Contrary to its bearish implications, Bitcoin flipped this resistance into support. This confirmation adds to bullish sentiment.
Weekly Head & Shoulders Retest: On a macro scale, Bitcoin revisited and validated the neckline of a long-term inverse H&S signaling structural trend reversal.
Bull Flag Formation at $102,400: Bitcoin paused briefly before breaking out again. The breakout from this flag suggests continued upward momentum.

Market Action:

On May 21, BTC surged +2,600 points in a single candle, showing not only buyer strength but confidence. Volume spiked alongside price—validating the breakout.

Brandt’s targets now appear well-aligned with technical expectations, especially if the bull flag’s measured move plays out.

Why the Market May Just Be Waking Up

There’s more than chart structure driving this narrative. Several macro and fundamental factors are converging to potentially support a multi-month rally:

1. ETF Demand and Institutional Flow

The success of Bitcoin ETFs has transformed BTC into a financial product institutions can finally access with ease. Daily net inflows are increasing, with major asset managers quietly accumulating.

2. Post-Halving Supply Shock

The April 2025 halving event has now entered its impact window. With miner rewards cut in half, new supply has dropped—but demand continues to rise. The supply-demand imbalance is growing.

3. Whale and LTH Accumulation

On-chain metrics show a clear trend: long-term holders are not selling. Whales are increasing their positions, with wallets holding over 1,000 BTC reaching multi-year highs.

4. Global Monetary Tailwinds

With inflation easing globally, central banks are cautiously pivoting away from aggressive tightening. Lower interest rates and weaker fiat currencies historically benefit Bitcoin.

$125K–$150K: Can It Really Happen by August?

While Brandt’s August projection may seem overly optimistic at first glance, it actually aligns with several technical and cyclical models.

Target Level	Supporting Logic
$125,000	Fibonacci extension from breakout at $102K
$135,000	Bull flag measured move + sentiment-driven extensions
$150,000	Euphoric top zone, aligned with prior cycle fractals

The real kicker? Bitcoin doesn’t need to go parabolic to hit these numbers. A steady climb of 2–3% per week—entirely reasonable in crypto terms—would place BTC within that target window by late Q3.

That said, traders should expect volatility. Bull markets are rarely linear. Pullbacks, shakeouts, and consolidation zones will all play their part.

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Is It Really the Start of a Bull Market?

Technically? Yes. Fundamentally? Signs point in the same direction. And sentiment? Rapidly shifting from cautious optimism to full-blown anticipation.

Let’s consider the checklist:

Clear breakout from long-term resistance zones
Bullish formations confirmed with volume
Institutional demand increasing
Supply constraints intensifying post-halving
Peter Brandt’s stamp of approval

Each piece fits. The market may still be early in its bullish phase, but the foundations are solid.

Conclusion

Bitcoin is no longer just flirting with bullish signals—it’s committing. A move past $100,000 with momentum, structural backing, and institutional tailwinds is not something to dismiss lightly. Whether or not BTC hits Brandt’s upper range by August, the underlying trend appears set.

Is this the start of a bull market?
The charts say yes. The fundamentals agree. And when Peter Brandt speaks, history suggests listening closely.

For deeper insight into BTC trends, upcoming catalysts, and professional trading tools, visit Bitrue your gateway to staying ahead in the crypto revolution.

FAQ

Q: What is the current price of Bitcoin (BTC)?
A: As of May 21, 2025, Bitcoin is trading at $109,390, following a breakout from the $102K bull flag.

Q: What does Peter Brandt predict for Bitcoin?
A: Brandt is bullish. He expects Bitcoin to reach $125,000–$150,000 by August 2025, based on strong technical momentum and historical market behavior.

Q: Which technical indicators support this bullish outlook?
A: Several patterns, including a symmetrical triangle breakout, bull flag breakout, head & shoulders retest, and double top retest, confirm an upward trend.

Q: Is now the right time to enter the BTC market?
A: While the technicals suggest a bullish phase, always perform your own risk assessment. For insights and tools, visit Bitrue to stay informed.

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Disclaimer: The content of this article does not constitute financial or investment advice.

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