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Factor LLC CEO, veteran commodities trader, and seasoned chart analyst Peter Brandt has raised his September 2025 price target for Bitcoin from $120,000 to $200,000 after results from the alpha cryptocurrency\u2019s breakout saw gains of roughly 10%, pulling ahead from a 15-month channel.<\/span><\/p>\n Bitcoin UpdateWith the thrust above the upper boundary of the 15-month channel, the target for the current bull market cycle scheduled to end in Aug\/Sep 2025 is being raised from $120,000 to $200,000. $BTC A close below last week's low will nullify this interpretation pic.twitter.com\/19ZXpAQW0v<\/p>\n \u2014 Peter Brandt (@PeterLBrandt) February 27, 2024<\/p>\n<\/blockquote>\n According to Brandt, Bitcoin\u2019s move above the top of a multi-month channel represents a decisive technical breakout, signaling further upside within the time frame. The current bull cycle is estimated to end by August or September 2025.<\/span><\/p>\n Bitcoin recently broke the $57,000 level after back-and-forth shots at $55,000 yesterday as Bitcoin\u2019s halving approaches in just 50 days.<\/span><\/p>\n Brandt is not alone in dramatically forecasting higher Bitcoin prices in the next few years. Several studies point to exponential growth, driven by the supply-constraining impact of Bitcoin\u2019s quadrennial reward halving events. A\u00a0<\/span>study from Bloomberg analysts<\/span>\u00a0points to Bitcoin ETFs surpassing Gold ETFs in AUM in less than two years. An\u00a0<\/span>earlier prediction<\/span>\u00a0from Rekt Capital saw the current Bitcoin rally going forth as February started.<\/span><\/p>\n Bitcoin\u2019s next\u00a0<\/span>halving in April<\/span>\u00a0will cut the block reward miners receive from 6.25 bitcoin per block validated to just 3.125. With demand expected to grow while new supply tightens, analysts say conditions are ripe for aggressive, near-vertical rallies like those seen after previous halvings.<\/span><\/p>\n Adding support to the ultra-bullish case, it appears that Bitcoin has room to match past cycle peaks if its historical trends follow congruences. A close \u201cbelow last week\u2019s low will nullify this interpretation,\u201d notes Brandt.<\/span><\/p>\n Notably, Brandt\u00a0<\/span>warned<\/span> Bitcoin investors against using \u201claser eyes\u201d profile photos on social media, a trend that he sees as a \u201ccontrary indicator\u201d that could be detrimental to the current upside. Brandt began his work in commodities trading in 1975, bringing in over four decades of experience analyzing market movements.<\/span><\/p>\n Share this article<\/p>\n The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n See full terms and conditions.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n