Bitcoin price surged to new quarterly highs at $96,700 on May 1, following the US GDP contraction of -0.3% for the first time since Q2 2022. The probability of a Federal Reserve interest rate cut rose to 62.8% for the June 18 meeting. Over the past 24 hours, short position liquidations surpassed $137 million, indicating a favorable trend for BTC’s price momentum. Veteran trader Peter Brandt predicted a potential Bitcoin rally, projecting a price range of $125,000 to $150,000 by August or September 2025, based on a parabolic arc pattern in the price chart. Brandt emphasized the need for Bitcoin to reclaim its parabolic slope to achieve the target, with a caution that a correction of over 50% could follow the peak. Bitcoin researcher Axel Adler Jr. highlighted three scenarios, with an optimistic case targeting above $150,000, based on onchain metrics. In a baseline scenario, Bitcoin’s price may consolidate within a range of $90,000 to $110,000 if capital inflows remain limited. A bearish scenario could lead to a correction down to $85,000-$70,000 due to profit-taking. Bitcoin displayed a breakout pattern over the past two weeks, reaching $93,000-$96,000 before entering sideways consolidation and breaking out again. BTC is currently surpassing its resistance range, with a volume cluster between $96,000 and $99,000 suggesting a consolidation phase before testing the $100,000 mark. This analysis does not offer investment advice, and readers are urged to conduct their research before making financial decisions.