Veteran trader predicts Bitcoin price for August 2025
Veteran trader Peter Brandt has projected that with Bitcoin (BTC) hitting a new all-time high, the asset’s technical setup is likely positioning it for a rally of up to 35% in August. Brandt, who boasts over four decades of trading experience, suggested that the current formation could see the leading cryptocurrency trading at $125,000, or even $150,000, this August, according to his X post on May 21. Bitcoin price analysis chart. Source: Peter Brandt His Analysis highlighted Bitcoin’s breakout from a bull flag pattern after retesting the $102,400 level. The asset also recently confirmed an inverse head-and-shoulders breakout on the weekly chart, strengthening the long-term bullish case. Previous consolidation patterns, like a symmetrical triangle and double-top retest, have also resolved upward. With a steady trend of higher highs and higher lows, Bitcoin has entered record territory, which Brandt sees as a natural progression in an ongoing bull cy...