Bitcoin’s price wavers as Peter Brandt forecasts a $140K breakout by late 2025, while Arthur Hayes warns of a dip to $90K before a rebound.
Veteran trader Peter Brandt has identified a significant breakout moment on the charts, which has resulted in a 2.43% increase in the price of Bitcoin (BTC) to $109,500. Brandt anticipates a potential rally to $140,000. Nevertheless, Arthur Hayes adopts a pessimistic stance in anticipation of the Jackson Hole event in August, predicting that Bitcoin could plummet to $90K. Volatility will also be exacerbated by the forthcoming July FOMC meeting and critical CPI data.
Peter Brandt anticipates that the price of Bitcoin will surpass $140,000
A seasoned trader, Peter Brandt, disclosed the current chart configuration for BTC/USD in an enigmatic message on the X platform. Brandt sarcastically remarked, “Is this bear flag (yellow box) so obvious to everyone that it is ineffective?” while sharing an inverted chart. Alternatively, is this chart on the brink of a precipitous decline? I am simply inquiring. After the breakout, the chart below from Peter Brandt indicates that the next Bitcoin price halt will be at $104, which is consistent with the current predictions of Standard Chartered.
The trajectory of the Global M2 money supply, which has recently reached an all-time high of $55.48 trillion, is consistent with Brandt’s prediction that Bitcoin will follow. Bitcoin has been closely following the M2 trajectory since 2024, and the current breakout could be a defining moment for BTC.
The daily trading volume of Bitcoin has increased by 20% to $56 billion, and it is currently trading at $109,500 as of press time. Conversely, the Coinglass data indicates that the BTC futures interest has increased by 7.28%, indicating that traders are optimistic. Additionally, the June US CPI data may significantly influence the subsequent market trajectory. Additionally, the market anticipates that the Federal Reserve will reduce its interest rate this month, specifically in July.
Arthur Hayes Bets Contra on Bitcoin Crash, Ending Up with $90K
Maelstrom’s chief investment officer, Arthur Hayes, has cautioned that the cryptocurrency market may experience a minor decline or a sideways trend as it approaches the August Jackson Hole symposium. Hayes identified potential USD liquidity pressures from Treasury General Account (TGA) replenishment in his most recent market outlook, which he believes could cause Bitcoin to decline to the $90,000–$95,000 value range.
“I believe that between now and the August Jackson Hole Fed speech to be given by beta cuck towel bitch boy Jerome Powell, the market will trade sideways to slightly lower,” wrote Hayes.
Maelstrom has liquidated all of its illiquid altcoin holdings as a precautionary measure. The fund also indicated that it may reduce its Bitcoin exposure further if market conditions worsen in the upcoming weeks.
Significant events in the United States that may affect the price of bitcoin
Investors are confronted with a critical juncture as liquidity dynamics and sentiment will determine the next significant movement in Bitcoin as CPI data and Fed decisions approach. Bitcoin is expected to experience a substantial increase in value, as the Consumer Price Index is scheduled to be released later today, and the Federal Reserve is expected to announce its rate reduction decision.
Suppose inflation is to experience a satisfactory upward shock. In that case, real yields will remain low, and liquidity will migrate into non-yielding assets such as BTC, thereby facilitating a rally above significant resistance points. Even a mildly hawkish rate call from the Fed can result in a short-term decline as short positions are liquidated. However, this decline will be brief if the central bank indicates a future reduction or a reprieve in its balance-sheet liquidation.
In that scenario, the release of a significant quantity of cash that has been sidelined will be responsible for driving Bitcoin through its recent peaks due to the moderate quantitative tightening. Generally, the direction of least resistance is bullish, as a dovish Fed statement or an increase in the Consumer Price Index (CPI) could tip the balance in favor of an upward breakout.
