Popular trader Peter Brandt has adjusted his forecast for Bitcoin’s peak in the ongoing bull market. The commodity and foreign exchange trader for over thirty years now has predicted that the leading crypto asset will hit $200,000, a significant increase from the earlier projection of $120,000.
Brandt anticipates that the ongoing bullish cycle is poised to end around August or September 2025.
New Peak Target of $200,000 by 2025
The upward revision comes as Bitcoin surged above the upper boundary of a 15-month channel, signaling a bullish momentum.
In his latest tweet, Brandt highlighted the breakout – which occurred as Bitcoin surpassed $55,000 before subsequently climbing above $57,000 – as it breached the trendlines connecting lows from November 2022 and September 2023 and highs from April 2023 and January 2024.
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
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