Bitcoin Hits Record High, But More Gains May Follow

Bitcoin recently broke through a new all-time high of $111,970.17, marking yet another milestone in the ongoing bull run. At the time of writing, it was trading at $109,617.88, according to Kraken’s data feed.

The move comes just months after Bitcoin hit a previous high of $109,241 in January, ahead of President Donald Trump’s inauguration. This latest price surge reinforces confidence among analysts and traders that further upside may be ahead.

Peter Brandt Sees Bitcoin Climbing to $150K

Legendary trader Peter Brandt offered his latest Bitcoin forecast on May 21 via social platform X. While Brandt acknowledged the recent all-time high was “wonderful,” he noted that it isn’t technically meaningful in itself. ATHs, he said, are simply part of a bull market — and a sign that one is in full swing.

Brandt suggested Bitcoin could reach a price target between $125,000 and $150,000 by the end of August. However, he cautioned that this was a speculative projection, as indicated by his use of question marks: “Hey trolls, note the ?????”

What Bitcoin Needs to Hit $150K by August

To meet Brandt’s upper-end projection of $150,000, Bitcoin would need to climb over $13,000 per month from now through August. While ambitious, the recent momentum and positive market sentiment suggest such gains are not out of the question.

The broader crypto market has also remained strong, with the total market capitalization reaching $3.44 trillion. Bitcoin alone holds a market cap of $2.17 trillion, maintaining its status as the dominant cryptocurrency.

Fred Krueger’s Ultra-Bullish Bitcoin Forecast

Wall Street veteran and mathematician Fred Krueger is even more optimistic. He recently stated that he expects Bitcoin to reach $600,000 by October. Though extremely bullish, this outlook reflects increasing confidence in Bitcoin’s long-term value, especially amid institutional adoption and regulatory clarity.

While Krueger’s prediction is considered aggressive by many, it does underscore how widely bullish sentiment has become among high-profile analysts.

Bitcoin’s Bull Market Fueled by Policy and Demand

The recent Bitcoin rally has been fueled by easing macroeconomic conditions, lighter regulatory pressure, and continued capital inflows from retail and institutional investors. President Trump’s pro-crypto stance and recent market stability have added fuel to the rally.

Technical analysts also point to healthy market structures, steady volume, and rising support levels, all of which suggest this bull run has strong foundations.

Should Investors Expect Continued Bitcoin Growth?

While both Brandt’s and Krueger’s forecasts are optimistic, Bitcoin remains volatile and speculative. Predicting short-term price action is always risky. However, growing adoption, market infrastructure improvements, and favorable policy shifts give the bull case real support.

Still, investors should approach such projections with caution. As always, proper due diligence and risk management remain essential.