Veteran trader Peter Brandt has hinted that the Bitcoin bull cycle may be close to topping out this month. His remarks follow the flagship cryptocurrency as it trades on a sideways basis following its withdrawal from its all-time peak, casting doubt on whether the momentum of the cycle is waning or if a second leg rise may still occur.

Peter Brandt’s Take on the Bitcoin Cycle

In a recent X post, Brandt agreed with analyst JDK, who suggested the bull cycle could peak in September. Brandt did not provide further reasoning, but his acknowledgment added weight given his track record in chart analysis. JDK argued that historical halving cycles indicate the market is entering its final month of bullish momentum.

Still, JDK also noted that Bitcoin cycles have been lengthening over time, which could push the top into October or November. He emphasized that the market cycle’s peak has seldom been identified by precise dates or prices but by a general state of the market. On his part, the market has not yet indicated the exhaustion aspect, and this leaves more upside in store.

$BTC Cycle

Measured Halving→Peak: signals we’re entering the final month of this bull run.

Low→High / High→High: lengthening cycles point to a potential Oct–Nov window.

However cycle tops aren’t about a date or a price!
They’re a mania state of the market. Not there yet! pic.twitter.com/xRq9mJHHdV

— JDK Analysis 🇪🇺 (@The_JDK99) September 11, 2025

If Brandt’s timeline holds, the $124,000 mark may stand as the cycle’s peak. Bitcoin has been sliding since reaching that level in August, reinforcing the possibility of a completed top. However, the debate among analysts highlights the uncertainty surrounding where the final push could land.

Interest Rate Cuts and BTC Outlook

Although conjecture on the peaks of cycles takes the centre stage, macroeconomic influences take up huge dimensions. It is anticipated in the market that the Federal Reserve will reduce the rates by 25 basis points next week during the FOMC meeting. Recent CPI and PPI reports have reinforced the argument to loosen, and there is a possibility that markets will get the much-needed liquidity with a loosening of policy.

However, this does not seem to convince everyone that this will power Bitcoin further. Anthony Pompliano cited trends in the history of the decrease in the reaction of BTC to previous rate cuts. In 2019, Bitcoin soared in the future of the policy relaxation, but collapsed after the cuts started. In 2024, the rally coincided with political moves, such as Trump winning the election, indicating that external factors could have been of greater importance than monetary policy.

Sentiment is divided in spite of these warnings. Some say that the rally may be extended by institutional continuous adoption and scarcity processes. Some others notice indications that the Bitcoin price has already peaked and will be hard-pressed to get the ball rolling again unless there are new stimuli. With the market awaiting a Fed action and additional validation of the forecast of Brandt, traders are waiting nervously on the possibility of September being the month where the current bull run of Bitcoin comes to an end.