Renowned crypto analyst Peter Brandt suggests that Bitcoin has a 25% chance of hitting $160,000 in the current cycle. Brandt predicts the bullish trend in Bitcoin to continue until the fourth quarter of 2025, based on his technical analysis. He mentions in his analysis that Bitcoin took 525 days to surge from $16,000 to $50,000, implying that it could hit $160,000 within 525 days of surpassing the $50,000 milestone.
Bullish Scenarios by Analyst
Despite the $160,000 target, Brandt previously forecasted Bitcoin to potentially reach $200,000 by September 2025. As long as Bitcoin remains above $50,000, this prediction remains valid. Brandt believes that we are currently in the middle of the halving bull cycle for Bitcoin, but stresses the importance of caution and risk management. Mentioning his long-term holding of Bitcoin since 2016, Brandt's evaluation assigns a 25% probability to Bitcoin reaching $160,000 by 2025. As of now, Bitcoin is trading at $63,776.
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