Veteran trader Peter Brandt shared a bullish outlook for Bitcoin (CRYPTO: BTC) as the apex cryptocurrency reached $56,000 levels on Monday, marking its highest level since November 2021. What Happened: Brandt said, “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.” Brandt also warned that a drop below the previous week’s lowest value would invalidate his forecast. The rise in prices comes as the “new nine” spot Bitcoin Exchange-Traded Funds (ETFs) hit a dail…

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