Bitcoin could potentially reach a peak of $130,000 to $150,000 between late August and early September, following patterns observed in previous post-halving bull markets, according to crypto trader Peter Brandt. The Bitcoin halving event, which occurred on April 20, is a scheduled event approximately every four years that cuts mining rewards by half. Brandt highlighted in a June 2 report that these halving dates have historically marked significant points in bull market cycles. Brandt noted that historically, the halving date has been situated roughly halfway between the start of a bull market and its peak. For instance, the last Bitcoin