• Veteran analyst Peter Brandt predicts that Bitcoin will rise to $200,000 by September 2025.
• Other analyzes, including those based on historical halving cycles and technical indicators like Bollinger Band widths, also suggest a sharp rise in prices ahead.

Peter Brandt, an analyst with over 40 years of experience, predicts that the ongoing Bitcoin (BTC) bull market will peak at $200,000, up from his initial prediction of $120,000. It has been revised upward significantly from the US dollar.

In a post on It will be lifted up.”

Bitcoin rose above $55,000 on February 26th, entering a 15-month channel identified by a trend line connecting the November 2022 and September lows and the April 2023 and January 2024 highs. broke through. Brandt said the bullish view remains valid while the price remains above last week’s low of $50,500.

Several other studies, including those based on past halving cycles and technical analysis indicators like Bollinger Band widths, point to a future surge.

Many believe the halving could continue to drive flows into U.S. spot Bitcoin exchange-traded funds (ETFs), pushing the price to at least $100,000 over the next 12 months. The Bitcoin mining reward halving is a once-in-four-year event scheduled for April, and the coin generation rate will be reduced from 6.25 BTC to 3.125 BTC.

Brandt’s bullish post on X prompted some market participants to refer to X’s “laser eye,” a viral meme used by Bitcoin holders during the 2021 bull market to suggest a permanent rally. I’m trying to update my profile picture.

But Brandt said the resurgence of laser eyes is an inverse indicator of the retail investor enthusiasm often observed at the top of the market.

“Just like in 2021, I think laser eyes on X are a counter indicator. Everyone, if you want to maintain the bullish trend in Bitcoin, please don’t adopt laser eyes as your social media profile picture. . Too many laser eyes will result in KOD (Knoked out).”Mr. Brandt warned..

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Peter Brandt / TradingView
｜Original text: Chart Expert Peter Brandt Raises Bitcoin’s 2025 Target to $200K on Channel Breakout