Veteran crypto trader Peter Brandt predicts a potential Bitcoin (BTC) rally to $135,000, echoing the optimism of other market analysts. Despite recent price fluctuations, experts remain bullish about Bitcoin’s future trajectory.
Peter Brandt’s Bold BTC Prediction
In a recent analysis, Peter Brandt suggested that Bitcoin could reach $135,000 by August or September 2025. Brandt’s forecast is based on Bitcoin’s historical performance, particularly how significant gains often occur in the latter half of the halving cycle. He sees the current period as a temporary pause in the larger upward trend.
However, Brandt also issued a cautionary note, warning that if Bitcoin drops below $48,000, it could invalidate his analysis. This price level now serves as a key support zone for Bitcoin’s continued growth.
Broader Market Optimism
Brandt’s forecast aligns with the general optimism within the crypto community. Another prominent analyst, Bob Loukas, shares a similar bullish outlook, predicting Bitcoin could soar to $150,000 during this bull cycle. This collective sentiment suggests that many believe Bitcoin is primed for substantial gains.
What’s Next for Bitcoin Price?
At the time of writing, Bitcoin is trading at $61,934, down 1.2% in the last 24 hours. Trading volume has decreased by 16%, though open interest in Bitcoin futures is rising, indicating growing confidence in the market.
Bitwise CIO Matt Hougan also sees potential for a BTC rally, forecasting a rise to $80,000 by the end of the fourth quarter. He attributes this to factors like the upcoming U.S. election and expected Federal Reserve rate cuts. Historically, Bitcoin tends to perform well in the last quarter of the year, particularly in October.
Key Takeaways for Traders
As Bitcoin approaches the $48,000 support zone, traders should closely watch for any price movements. A drop below this level could signal further downside, while holding above it might lead to the anticipated rally toward $135,000.