Peter Brandt revives 2019 parabolic Bitcoin forecast

Veteran trader and Factor LLC CEO Peter Brandt has revived a logarithmic chart from 2019 to analyze Bitcoin’s current market structure. The analysis suggests that the cryptocurrency is currently in its fourth parabolic phase, maintaining a long-term bullish trend.

Brandt’s historical forecast, originally made when Bitcoin was trading near $10,000, pointed toward significant price targets. The current price action, which has tested resistance near $82,000, appears to align with the ascending channel established in his previous models.

A key distinction noted in the current cycle is the presence of an institutional floor. Unlike the 2019 period, which was driven largely by retail speculation, the current market is supported by systematic capital inflows and major funds through spot ETFs. While the parabolic model suggests upward acceleration, analysts note that a close below the established curve would invalidate the bullish scenario.