Peter Brandt Forecasts Bitcoin’s Rise, Aims for $135,000 Target in 2025
Veteran trader Peter Brandt has revealed an optimistic projection for Bitcoin (BTC), which is currently trading about 17% below its peak value. With a substantial following of 741,800 on the social media platform X, Brandt anticipates a BTC price goal of $135,000, forecasting the attainment of this milestone around August or September of 2025.
Brandt points out historical data suggesting that Bitcoin typically exhibits notable growth during the latter stages of its halving cycles. This positive outlook is contingent upon Bitcoin remaining above $48,000, as he states, “A drop below $48,000 would invalidate my chart analysis.” At the moment, Bitcoin is priced at approximately $61,070.
In addition to his price prognosis, Brandt has drawn attention to Bitcoin’s emergence as a reliable store of value, asserting its superiority over gold in that aspect. Utilizing Bayesian analysis—a method for evaluating probabilities based on accumulated information—he maintains that the Bitcoin-to-gold ratio might persist above 100 post the triple-digit threshold. Brandt humorously remarks, “Bitcoin is outperforming Gold,” alluding to the ratio potentially exceeding the current 23 to 1 ratio, with anticipated backing in the upper teens.
Brandt’s observations align with recent statements by Glassnode co-founders Jan Happel and Yann Allemann. Operating under the moniker Negentropic on X, they commented on Bitcoin’s recent price dip from around $66,500 to nearly $60,000 due to geopolitical uncertainties. However, they view this setback as transitory, crediting Bitcoin’s resilient fundamentals to heightened network expansion and liquidity. Emphasizing their confidence in Bitcoin’s durability, they assert, “This is just the beginning of BTC’s upward movement.”
Amid these expert analyses, a word of caution is necessary for investors. The market’s unpredictability stresses the significance of thorough research before delving into high-risk investments within the cryptocurrency realm. While offering valuable perspectives and market insights, The Daily Hodl underscores that it does not provide investment guidance, reminding individuals that they alone bear responsibility for their trading decisions.
To sum up, Peter Brandt’s optimistic view of Bitcoin, reinforced by industry professionals, paints a bright future for the cryptocurrency. With Bitcoin adapting to market shifts, the possibility of substantial gains remains a pivotal focus for traders and investors alike.
