Veteran Trader Peter Brandt Raises Bitcoin Price Target to $200,000 Following Bullish Breakout
Renowned commodities trader and chart analyst Peter Brandt has revised his September 2025 Bitcoin (BTC) price target, increasing it from $120,000 to $200,000.
This adjustment comes after the cryptocurrency’s recent breakout, which yielded gains of approximately 10% and propelled Bitcoin beyond a 15-month channel.
Brandt, CEO of Factor LLC, believes that Bitcoin’s upward move above the top of a multi-month channel signifies a significant technical breakout, indicating the potential for further upside within the specified timeframe, he said in a recent post on X.
He estimates the current bull cycle will likely conclude by August or September 2025.
Bitcoin Update
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. $BTC
A close below last week's low will nullify this interpretation pic.twitter.com/19ZXpAQW0v
— Peter Brandt (@PeterLBrandt) February 27, 2024
Brandt’s optimistic forecast aligns with other projections that anticipate higher Bitcoin prices in the coming years.
Various studies highlight the exponential growth potential driven by the supply-constraining effect of Bitcoin’s quadrennial reward halving events.
Bloomberg analysts even predict that Bitcoin exchange-traded funds (ETFs) will surpass Gold ETFs in terms of assets under management within the next two years.
Additionally, earlier predictions from Rekt Capital indicated that the ongoing Bitcoin rally would continue into February.
Bitcoin’s upcoming halving in April will reduce the block reward received by miners from 6.25 bitcoins to 3.125 bitcoins per validated block.
With growing demand and a tightening
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