Bitcoin (BTC) surged above $104,000 on May 11, 2025, marking a 2% increase as global market sentiment and on-chain signals aligned, boosting confidence in Peter Brandt’s prediction of Bitcoin reaching $150,000 by September 2025. This rally was fueled by positive trade talks between the U.S. and China and strong inflows into spot Bitcoin ETFs.
Key Factors Behind the Surge:
Trade Talks with China: Bitcoin’s price spiked after a breakthrough in U.S.-China trade negotiations. The talks, which were concluded positively, have helped ease geopolitical tensions and boost market optimism, particularly for risk assets like Bitcoin.
Institutional Investment: Spot Bitcoin ETFs saw $261 million in inflows, with major players like BlackRock and Fidelity leading the charge. This institutional interest is contributing to Bitcoin’s upward momentum.
Bitcoin Age Consumed: The “Age Consumed” metric, which tracks the movement of long-dormant Bitcoin, dropped significantly from 49.03 million BTC days to just 2.51 million BTC days. This sharp decline suggests that long-term holders (LTHs) are not selling their positions, reflecting strong conviction in the market. When this metric falls during a price rally, it typically signals a sustainable bull trend.
Supportive Macro Factors: The growing appeal of Bitcoin is also supported by macroeconomic factors such as expectations of interest rate cuts and the rebound of dollar liquidity. Several U.S. states, including Texas and Wyoming, have passed legislation allowing state treasuries to hold Bitcoin as a reserve asset, further boosting Bitcoin’s legitimacy and institutional backing.
Peter Brandt’s $150,000 Prediction:
Veteran trader Peter Brandt, who accurately predicted Bitcoin’s 2017 and 2021 peaks, has reiterated his forecast of Bitcoin reaching $150,000 by September 2025. This prediction is backed by a classical charting pattern showing a potential breakout. While the prediction faced skepticism earlier, recent developments, including increased ETF flows and favorable geopolitical conditions, make this outlook more plausible.
Brandt’s key price level for confirmation is $110,000. If Bitcoin can break and hold above this level, it would signal the start of a parabolic phase, pushing the price closer to his $150,000 target.
Bitcoin’s Outlook:
With Bitcoin’s price consolidating above $104,000 and several bullish macro and on-chain signals, including reduced selling pressure from long-term holders, the outlook for Bitcoin remains highly positive. The combination of institutional inflows, sovereign adoption, and favorable macroeconomic conditions positions Bitcoin for further price appreciation, making a $150,000 breakout increasingly likely by the third quarter of 2025.
Related topics:
XRP Price Struggles to Rally After $50M SEC Settlement – Why?
