- Peter Brandt has predicted the growth of bitcoin to $200,000.
- He believes that the first cryptocurrency will reach this mark in August or September 2025.
Factor LLC trader and CEO Peter Brandt has predicted bitcoin will rise to $200,000.
Bitcoin Update
With 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
- Peter Brandt (@PeterLBrandt) February 27, 2024
The analyst believes that the price of the first cryptocurrency will reach this mark in August or September 2025.
“With the price rising above the upper boundary of the 15-month channel, the target for the current bull market cycle to end in August-September 2025 rises from $120,000 to $200,000,” Peter Brandt wrote.
The expert added that the “bullish” views will remain relevant until prices reach last week’s low around $50,500.
Recall, on the night of February 27, 2024, the bitcoin exchange rate sharply crossed the $57,000 mark. At the time of writing, the asset is trading near $56,300:
Recall, earlier analysts Bernstein predicted the growth of the bitcoin price to $150,000 by 2025.
