Veteran trader Peter Brandt stated that as long as Bitcoin does not peak in the coming days, it is expected to experience unprecedented price discovery.

Brandt told Cointelegraph on Wednesday, "There is reason to expect the bull market peak to arrive at any time now." He cited Bitcoin's historical cycle patterns, which have been validated in the previous three cycles.

Brandt said, "The lengths of these cycles from low to halving to high are not always the same, but the distance after each halving is always equal to the distance before the halving."

Brandt explained that Bitcoin reached the current cycle low on November 9, 2022, with 533 days remaining until the Bitcoin halving on April 20, 2024.

He stated, "Adding 533 days to April 20, 2024, gives us this week." This date falls on a Sunday, just one day before Bitcoin is expected to set a new all-time high above $126,100 on Monday.

However, Brandt emphasized that "there are always 'exceptions'," which could be significant for Bitcoin's price movement. He said, "Trends that defy the market's general cyclical or seasonal characteristics are often the most dramatic."

Brandt noted that while market cycles do not always repeat in the same way, Bitcoin has been following these cycles so far.

He said, "Cycles will change sooner or later. But betting against a cycle with a perfect record of three wins out of three should not be done recklessly."

Brandt expressed that he sees the outcome as a 50/50 chance. "I will remain bullish, hoping for a counter-cyclical move. In that case, I expect prices to far exceed $150,000, possibly reaching $185,000."

With institutional adoption, the emergence of ETF products, and corporate digital asset treasuries, the debate over whether the four-year cycle of cryptocurrencies is still relevant continues.

In July, cryptocurrency analyst Rekt Capital similarly stated that if Bitcoin's cycle follows the 2020 pattern, the market could peak in October.

Rekt said on July 3, "We have very limited time and price expansion space left."

Some believe that even if Bitcoin does not fully adhere to the four-year cycle, it will still exhibit some pattern.

Saad Ahmed, head of Gemini's Asia-Pacific region, told Cointelegraph at Token2049, "It ultimately stems from people getting excited and overextending, and then you see a crash, followed by a correction to a balanced state."

Several analysts expect Bitcoin to record significant gains before the end of the year. Economist Timothy Peterson told Cointelegraph on Tuesday that based on simulations using data from the past decade, there is a 50% chance Bitcoin will close this month above $140,000.

Looking further ahead, BitMEX co-founder Arthur Hayes and Unchained market research director Joe Burnett both predict that Bitcoin will reach a high of $250,000 by the end of 2025.

Related: Arthur Hayes: The Bitcoin (BTC) four-year cycle is dead; monetary policy is the key driver of prices

Original article: “Peter Brandt: Bitcoin (BTC) Will Experience 'Dramatic' Price Surge If It Does Not Peak at Key Moment”

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