Experienced trader Peter Brandt is suggesting that there is a 25% chance that Bitcoin (BTC) will reach a peak of $160,000 in this market cycle. Brandt, who has a significant following of 724,700 on the social media platform X, predicts that the current bull market for Bitcoin will continue until the fourth quarter of 2025. He emphasizes that his analysis is based on a report he released in February, which projected a bull market until September or October 2025. Brandt’s chart indicates that it took Bitcoin 525 days from its low point of around $16,000 in November 2022 to break through $50,000. Using this timeframe, he estimates that Bitcoin has 525 days from the breakout at $50,000 to reach its peak of $160,000. However, Brandt’s previous prediction in February was even more optimistic, as he anticipated Bitcoin rallying to as high as $200,000 by September 2025, as long as it remained above $50,000. Currently, Bitcoin is valued at $63,776. Regardless of the eventual peak of Bitcoin, Brandt emphasizes that we are likely beyond the early stages of the bull market. He also reveals that he has held a stack of Bitcoin since 2016, alongside physical gold for the past 40 years.
