Bitcoin ETFs Break Records: Legendary Analyst Predicts These Levels!

Aleksei Dmitry Melnik
By Aleksei Dmitry Melnik Add a Comment
3 Min Read

BlackRock’s spot Bitcoin ETF saw an influx of over $1.1 billion on Thursday, setting a new single-day record. Collectively, the 12 U.S. spot Bitcoin ETFs recorded net daily inflows totaling $1.38 billion, marking the highest single-day net inflow since January. Amid this surge, veteran analyst Peter Brandt is signaling a bullish trend for Bitcoin.

Bitcoin ETFs Break Records: Legendary Analyst Predicts These Levels! = The Bit Journal

Record Inflows to Spot Bitcoin ETFs: What’s Behind the Surge?

BlackRock’s iShares Bitcoin Trust (IBIT) recorded a historic net inflow of $1.12 billion yesterday, breaking the previous record of $872 million set on October 30. These record inflows came just a day after spot Bitcoin ETFs recorded an unprecedented single-day trading volume of over $4 billion. Rachael Lucas, a crypto analyst at BTCMarkets, commented:

“This surge reflects strong investor confidence, driven by BlackRock’s reputation, Bitcoin’s recent rally, and favorable market conditions. Contributing factors include institutional confidence, FOMO, and delayed capital inflows following price increases.”

Lucas also noted that Donald Trump’s victory in the U.S. presidential election has added to the positive sentiment. His win on Wednesday boosted both stock and crypto markets, with Bitcoin reaching an all-time high, as previously reported by The Bit Journal.

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Bitcoin ETFs Break Records: Legendary Analyst Predicts These Levels! = The Bit Journal

Peter Brandt’s Bitcoin Prediction for 2025

Seasoned analyst and trader Peter Brandt believes Bitcoin is in a “sweet spot.” He predicts BTC could reach six figures within a few months, stating that Bitcoin is “currently in the sweet spot of the bull market halving cycle.” According to Brandt, Bitcoin could rise by 73% to 100% from its current level, potentially hitting a peak in August or September 2025.

Brandt’s chart suggests that if history repeats, the time taken for Bitcoin to reach its post-halving cycle peak could mirror the period from the start of the bull market cycle to the halving. Based on this theory, Brandt notes a 518-day span from November 2022, when Bitcoin entered the bull market, to the halving in April 2024. He suggests it may take another 518 days from the halving to reach the peak of the current cycle.

As of now, Bitcoin is trading above $76,000, reflecting a 9.55% weekly gain, showing strong momentum as it aims for new highs.

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Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.

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