Factor LLC CEO, veteran commodities trader, and seasoned chart analyst Peter Brandt has raised his September 2025 price target for Bitcoin from $120,000 to $200,000 after results from the alpha cryptocurrency’s breakout saw gains of roughly 10%, pulling ahead from a 15-month channel.

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 raised from $120,000 to $200,000. $BTC
A close below last week’s low will nullify this interpretation pic.twitter.com/19ZXpAQW0v

— Peter Brandt (@PeterLBrandt) February 27, 2024

According to Brandt, Bitcoin’s move above the top of a multi-month channel represents a decisive technical breakout, signaling further upside within the time frame. The current bull cycle is estimated to end by August or September 2025.

Bitcoin recently broke the $57,000 level after back-and-forth shots at $55,000 yesterday as Bitcoin’s halving approaches in just 50 days.

Brandt is not alone in dramatically forecasting higher Bitcoin prices in the next few years. Several studies point to exponential growth, driven by the supply-constraining impact of Bitcoin’s quadrennial reward halving events. A study from Bloomberg analysts

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Author: Vince Dioquino

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