Veteran analyst Peter Brandt gives time for Bitcoin

While cryptocurrency markets await Wednesday’s Fed meeting and the statements of the institution’s chairman Jerome Powell, renowned analyst Peter Brandt set a target for Bitcoin between $160,000 and $200,000 and gave a deadline for this level.

Veteran analyst Peter Brandt gives time for Bitcoin

US analyst Peter Brandt said he expects the current bull season to continue until the end of 2025. Brandt, commenting on the market from his 720,000 follower X account, said he thinks Bitcoin will exceed the price of $160,00.

“There is a 525-day period…”

The famous analyst Peter Brandt, stated that it took 525 days for Bitcoin to exceed the $50,000 level from the $15,000 dip in November 2022, and predicted that the bull market will continue until the end of 2025 and that it will take 525 days to reach a peak of $160,000.

“Some Bitcoin since 2016”

According to Brandt, we have left behind the early stages of the bull season, regardless of the price, “My money is still placed on a scenario whereby the halving was the halfway point within the bull cycle, but I want to make sure always that caution and risk management play key roles. Some Bitcoin since 2016.” he said.

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