On May 1, Brandt published a chart of the BTC price dynamics, which shows a parabolic slope in red lines. Peter suggested that between August and September, the cryptocurrency's price will touch the upper line of the figure, which will range from $125,000 to $150,000.

On August 14, the BTC price updated its historical maximum, rising to $124,624. Therefore, it can be assumed that another upward impulse will soon occur, which will bring the coin's price to $125,000 or higher. After that, Peter believes, the Bitcoin rate will fall by 50%, that is, the cryptocurrency may fall in price to $62,500 during the bearish trend.

Yesterday, Brandt asked The Wolf Of All Streets financial podcast host Scott Melker what he thought of the prediction he made in May. Scott responded, “I think you did a great job.” Melker seems to share Peter’s view that the Bitcoin bull run that began in January 2023 will end within the next month and a half. In that case, a downward trend will emerge that will last for at least six months.