Peter Brandt Predicts $200,000 Bitcoin (BTC) Peak by 2025 After Channel Breakout

Renowned trader Peter Brandt has adjusted his Bitcoin peak forecast in the current bull market, now predicting a substantial rise to $200,000, up from the initial projection of $120,000. Brandt foresees the bullish cycle concluding around August or September 2025. The revision follows Bitcoin's surge above a 15-month channel, signaling strong bullish momentum, with Brandt emphasizing the breakout as the cryptocurrency surpassed $55,000 and climbed beyond $57,000. The analyst asserts that maintaining levels above $50,500 is crucial for sustaining the bullish outlook, with the current cycle expected to wrap up in late 2025. Notably, recent data indicates increased average buying prices for different cohorts, particularly the 2-3 year holders facing a resistance level of $68,000 following Bitcoin's rally beyond $55,000.

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