From Yahoo Finance: 2025-05-26 14:09:00

Legendary trader Peter Brandt shared a technical analysis of the Bitcoin price chart on May 21 when Bitcoin hit a new all-time high of $109,487.23. Brandt projected Bitcoin may reach $125,000-$150,000 by the end of August.

Bitcoin hit its previous ATH of $109,241 on Jan. 20, followed by a high of $111,970.17 on May 22. It was trading at $109,617.88 at the time of writing.

Brandt acknowledged the recent ATH as “wonderful” but not technically significant. He noted that ATHs are common during a bull market, defining it as such.

Wall Street veteran Fred Krueger is even more bullish, expecting Bitcoin to hit $600,000 in October. Bitcoin, launched in 2009, holds the largest market cap of $2.17 trillion.

The total crypto market cap currently stands at $3.44 trillion. Brandt’s projection for Bitcoin requires a monthly increase of over $13,000 until August, with a speculative undertone.

Read more: Wall Street Legend sounds alarm on uncommon asset after S&P 500 prediction