Bitcoin Set to Surge Over 120% as Predicted by Seasoned Trader Peter Brandt – Discover the Projected Timeline
Seasoned trader Peter Brandt has expressed optimism about Bitcoin (BTC) as the leading cryptocurrency hovers approximately 17% below its all-time peak. Brandt shared with his 741,800 followers on the social media platform X that he envisions Bitcoin reaching $135,000 by either August or September of 2025. He points out that historically, Bitcoin tends to experience significant surges during the latter stages of its halving cycles.
Brandt emphasizes a key level for Bitcoin, stating, “A close below $48,000 would invalidate my chart analysis.” Currently, Bitcoin is trading at $61,070. In addition to his price predictions, Brandt highlights Bitcoin’s outperformance compared to gold in terms of being a store of value. He uses Bayesian analysis to suggest that the Bitcoin-to-gold ratio may persist above 100 once it surpasses the three-figure threshold.
The trader’s positive outlook on Bitcoin aligns with the sentiments of Glassnode’s co-founders, Jan Happel and Yann Allemann, known as Negentropic on X. They recently commented that a brief drop in Bitcoin’s price from around $66,500 to slightly below $60,000 due to geopolitical tensions in the Middle East is temporary. They observed that despite the correction, Bitcoin’s fundamentals have strengthened, driven by network expansion and increased liquidity, indicating a bullish trend for BTC.
Happel and Allemann remarked, “Last week’s geopolitical risks led to a Bitcoin correction, but fundamentals strengthened regardless. This positive shift is driven by network growth and rising liquidity. The BTC move up is just starting.”
Both Brandt and the Glassnode co-founders remain optimistic about Bitcoin’s future performance, projecting upward momentum for the cryptocurrency. As the market continues to evolve, investors and enthusiasts closely monitor these expert insights to navigate the dynamic landscape of digital assets.
