While investors are happy that the price has risen above $57 thousand with the sharp rises in Bitcoin and support from ETFs, well-known analyst Peter Brandt said that he thinks the price could go up to $200 thousand.
“Possibly concluding around August or September 2025.”
Stating in his tweet from his X account that he thinks the bull season will end in the 3rd quarter of 2025, Brandt used the following statements:
“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.”
Brandt also drew attention to the “laser eye” craze and stated that if there is a laser eye craze on social media, he will see it as a “reverse indicator”.
In many of his previous comments, Brandt has stated that Bitcoin will seriously “crush” altcoins and become the “sole king”. The veteran trader also stated in the summer that he thinks that halving and ETF approvals are of no importance for Bitcoin and that Bitcoin will eventually be “already at the top of the food chain”.