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Bitcoin price edged above the $104,000 mark on Sunday, May 11, extending its rally by another 2%, as macro sentiment and on-chain signals aligned.<\/p>\n
Following President Trump\u2019s confirmation of positive trade negotiations with China, technical and on-chain indicators now suggest that veteran analyst Peter Brandt\u2019s forecast of Bitcoin reaching $150,000 may be closer than previously expected.<\/p>\n
Bitcoin price surged past $104,000 over the weekend, marking its highest level since April 27, as diplomatic trade talks progressing<\/a>\u00a0between the United States and China fueled market optimism.<\/p>\n The move came after a two-day trade summit in Geneva concluded with what U.S. officials described as a \u201cbreakthrough agreement\u201d aimed at narrowing the trade deficit and easing bilateral tensions.<\/p>\n Investor reacted positively, with BTC price<\/a> advancing by another 2.3% within hours of the press briefing, settling above $104,200 by Sunday evening.<\/p>\n Ethereum<\/a> and Solana followed with respective gains of 5.1% and 4.6%, though Bitcoin dominance edged higher to 53.4%, underscoring BTC\u2019s position as the lead macro risk proxy.<\/p>\n During the week, Spot Bitcoin ETFs recorded cumulative net inflows of $261 million over the last three sessions, with BlackRock\u2019s IBIT<\/a> and Fidelity\u2019s FBTC capturing the majority share, according to BitMEX Research.<\/p>\n Bitcoin continued consolidation at mutli-month peaks above $104,000 on Sunday, many market watchers are anticipating explosive price action in the week ahead.<\/p>\n On May 1 2025, renowned trader Peter Brandt, who accurately called the 2017 and 2021 BTC peaks, reiterated<\/a> that Bitcoin could hit $150,000 by September 2025.<\/p>\n His model, based on classical charting patterns, outlined a megaphone formation breakout with sequential higher lows and volume-backed thrusts.<\/p>\n That thesis has gained traction recently as fundamental drivers and macro narratives align. Brandt\u2019s projection initially faced skepticism after the April pullback, but the recent pivot in ETF flows and geopolitical tone now make it plausible.<\/p>\n Adding to the case is Bitcoin\u2019s 20-day EMA bullish crossover, confirmed last Friday, and rising Open Interest in institutional-grade futures markets. CME\u2019s BTC contracts saw their highest net-long exposure in five months, per CFTC Commitment of Traders data.<\/p>\n Brandt maintains that Bitcoin must break and hold above $110,000 to confirm the parabolic phase. Sunday\u2019s price action inches closer to that key level, reinforcing confidence in his bullish thesis.<\/p>\n Several structural indicators are now converging to support Brandt\u2019s bullish thesis. Most notably:<\/p>\n Institutional Support<\/strong>: U.S. spot Bitcoin ETFs have recorded over $2 billion in net inflows since April 20, reversing a four-week lull.<\/p>\n<\/li>\n Sovereign-Level Endorsement<\/strong>: Multiple U.S. states, including Texas and Wyoming, have passed legislation allowing treasuries to hold Bitcoin as a reserve asset.<\/p>\n<\/li>\n Macroeconomic Drivers<\/strong>: As dollar liquidity rebounds and interest rate cut expectations solidify, the relative appeal of Bitcoin grows stronger.<\/p>\n<\/li>\n<\/ul>\n Meanwhile, global search interest for \u201cBitcoin ETF\u201d has spiked 22% week-on-week, suggesting rising retail awareness fueled by institutional momentum.<\/p>\n With these layers of support now locked in place, the case for a $150,000 breakout by Q3 2025 transitions from speculative to increasingly probable.<\/p>\n Bitcoin\u2019s strong weekend rally coincides with a significant behavioral shift BTC on-chain data trends.<\/p>\n According to Santiment<\/a>, the Bitcoin Age Consumed metric, which is used to track the movement of previously dormant BTC, fell sharply from 49.03 million BTC days on May 5 to just 2.51 million BTC days on May 11.<\/p>\n Age Consumed measures the total amount of BTC moved, multiplied by the time it had remained dormant. A lower value during a rally suggests that older, long-held coins are staying untouched, implying strong conviction among long-term holders (LTHs).<\/p>\n More so,\u00a0 sharp drop in Age Consumed during a price upswing is a textbook signal of a sustainable bull trend. It implies that long-term investors have opted to sit on their holding, likely anticipating further gains, with several macro catalyst still active.<\/p>\n Hence, Bitcoin Age Consumed plunging to from 43 million to 2.5 million over the past week validates the bullish sentiment as it reduces supply-side pressure, giving room for upside continuation toward Brandt\u2019s projected $150,000 target.<\/p>\n The post Bitcoin Price Outlook: 2.5M BTC Age Consumed Confirms Peter Brandt\u2019s $150,000 Prediction<\/a> appeared first on CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin price edged above the $104,000 mark on Sunday, May 11, extending its rally by another 2%, as macro sentiment and on-chain signals aligned. Following President Trump\u2019s confirmation of positive trade negotiations with China, technical and on-chain indicators now suggest that veteran analyst Peter Brandt\u2019s forecast of Bitcoin reaching $150,000 may be closer than previously […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-391818","post","type-post","status-publish","format-standard","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=391818"}],"version-history":[{"count":0,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391818\/revisions"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=391818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=391818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=391818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Bitcoin](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.20.10-AM.png\")
Veteran Analyst Peter Brandt Predicted BTC to Reach $150,000 by September 2025<\/strong><\/h2>\n
![\"Peter](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/image-23.png\")
$150K Outlook Now Looks Increasingly Likely as Institutional Demand and Sovereign Signals Align<\/strong><\/h2>\n
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Bitcoin Age Consumed Slips to 2.5M as Long-Term Holders Remain Reluctant to Sell<\/strong><\/h2>\n
![\"Bitcoin](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.22.32-AM.png\")