Peter Brandt Reveals Bold Bitcoin Price Prediction

Peter Brandt, a seasoned veteran of the financial market with extensive experience that dates back to the 1970s, has shared a new outlook on the price chart of Bitcoin (BTC). In his latest analysis, Brandt emphasizes the importance of the post-halving behavior of the cryptocurrency.

He observes that significant gains often follow halving cycles, and the period since March 2024—when the latest all-time high was reached—appears to be a brief pause in Bitcoin’s ongoing upward trend. Brandt sets a price target of $135,000 for BTC around August or September of 2025.

The expert does not dismiss the possibility of Bitcoin achieving six figures quickly, suggesting it could rise by 35% beyond that mark within the next year. However, he has identified an invalidation point at $48,000, which, if reached, would negate these projections.

Currently, Bitcoin’s price is at $61,800. After an unsuccessful attempt to surpass a key dynamic resistance near $65,000 in late September, it has found support in the $60,000 range. The cryptocurrency now seems to be in a state of limbo, with traders caught in a narrow trading range and lacking clear direction, a phase some may refer to as “chop.”

Looking forward, the forthcoming release of vital macroeconomic data concerning the U.S. economy may serve as the catalyst needed to stimulate Bitcoin’s price movement. Traders are particularly waiting for the monthly Consumer Price Index (CPI) data and the Federal Open Market Committee (FOMC) notes in the coming days.