Successful Analyst Peter Brandt Increased His Bitcoin Target! Here is the New BTC Target!

Leading cryptocurrency Bitcoin Analysts and investors broke the record by rising above $ 56,000 BTC maintains its upward expectation for .

At this point, he stands out with his predictions and analyzes about Bitcoin and the cryptocurrency market. A new prediction came from experienced analyst Peter Brandt.

Believing that Bitcoin will rise even higher in the ongoing bull market, Brandt increased his previous target of $ 120,000.

According to this Brandt announced that he expects BTC to peak at $200,000 in 2025.

Sharing from account X Brandt stated that he predicts Bitcoin will rise to $200,000 by September 2025.

The experienced analyst, who based this prediction on previous halving cycles and technical analysis indicators such as Bollinger band width, argued that these showed that further price increases were imminent in the coming days.

“Bitcoin Update:

With the upper boundary of the 15-month channel breached, I am raising the target from $120,000 to $200,000 for the current bull market cycle, which is scheduled to end in August/September 2025.

However, a close below last week’s low will negate this comment.”

Finally, the analyst claimed that the laser eye symbol will be a contrary indicator for Bitcoin and said, “The use of laser eyes would be a contrarian indicator, signaling the retail investor frenzy often observed at market tops. Therefore, just like I did with the 2021 bull, I will use laser eyes on the ‘X’ as a contrarian indicator. So folks, if you want Bitcoin to stay in a strong trend, please don’t use laser eye on your social media images.” said.

Just as I did in 2021, I will use laser eyes on “X” as a contrary indicator. So, people, if you want Bitcoin to remain in a strong trend please do not adopt laser eyes on your social media picture
Too many laser eyes will be the KOD https://t.co/p6Cgea6PpP

— Peter Brandt (@PeterLBrandt) February 27, 2024

*This is not investment advice.