Veteran analyst Peter Brandt has raised his 2025 Bitcoin target to $200k.
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Factor LLC CEO, veteran commodity trader and seasoned chart analyst Peter Brandt has raised his September 2025 price target for Bitcoin from $120,000 to $200,000 after pulling a 15-month forward channel to gain about 10%.
Bitcoin Update With pressure above the upper boundary of the 15-month channel, the target for the current bull market cycle, which is scheduled to end in August/September 2025, is growing from $120,000 to $200,000. A $BTC close below last week's low will destroy this meaning pic.twitter.com/19ZXpAQW0v
— Peter Brandt (@PeterLBrandt) February 27, 2024
According to Brandt, Bitcoin's break above the top of its multi-month channel signals a critical technical breakdown, indicating further upside in the time frame. The current bull cycle is expected to end in August or September 2025.
Bitcoin broke the $57,000 level after shooting back and forth at $55,000 as Bitcoin neared its halving in just 50 days.
Brandt is not alone in predicting high bitcoin prices in the next few years. Several studies point to Bitcoin's massive growth driven by the supply-limiting effect of halving its four-year reward events. A From a Bloomberg analyst survey It points to Bitcoin ETFs surpassing gold ETFs in AUM in less than two years. An Early prediction From Rect Capital he saw that the current Bitcoin rally started in February.
The continuation of Bitcoin Cut in half in April It will reduce the reward miners receive from 6.25 bitcoins per block to just 3.125. With demand expected to grow as new supply dwindles, analysts say the conditions are ripe for violent and near-outright rallies like those seen after the previous halvings.
Adding support to the ultra-bullish case, it looks like Bitcoin has room to match previous cycle highs if the historical trends follow suit. “Last week's close to the low destroys that meaning,” Brandt said.
Especially Brandt warned Bitcoin investors are opposed to the use of “laser eyes” profile photos on social media, this trend as a “contrarian indicator” that could affect the current ups and downs. Brandt began his career in commodities trading in 1975, bringing with him more than four decades of experience analyzing market movements.
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